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The Fed is widely expected to approve the 11th interest rate hike since March 2022 this on July 26, taking the borrowing rate to its highest level in 22 years. What risks is the move fraught with?
The quarter percentage-point rise lifts the Fed's key lending rate to a range between 5.25 percent and 5.5 percent.
Fed swaps show only an 18% chance of a hike in September (under 50% for November) FOMC to take data-dependent approach on future hikes Fed no longer forec
The Federal Reserve announced on Wednesday a 25-basis point hike to interest rates, resuming the monetary tightening it began 18 months ago, after a pause in June.
Tuesday marks the start of the Fed's FOMC meeting for July, while investors can also look forward to earnings reports from Microsoft and Alphabet.