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Fed Hikes Interest Rates by 75 Basis Points
Fed Chair Powell says 75 bps or 50 bps hike is likely in July, setting a “flexibly hawkish” tone for near-future rate policy.
Half-Point Rate Hikes Give Fed Flexibility in the Future
Minutes from the meeting earlier this month indicate the Fed will continue large interest rate increases in the short term, but will reconsider that strategy this fall.
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