The latest inflation data also prompted Barclays economists to update their forecast, projecting a 75-basis point hike at the Fed's policy-setting meeting that is slated to take place next week.
"The U.S. central bank now has good reason to surprise markets by hiking more aggressively than expected in June," the strategists, led by Jonathan Millar, wrote in a note Friday. "We realize it is a close call and that it could play out in either June or July. But we are changing our forecast to call for a 75-basis point hike on June 15." Federal Reserve Chairman Jerome Powell
rebuffed the possibility of a 75-basis point interest rate hike at the beginning of May following a policymakers' meeting at which they voted to lift rates by a half-point. Officials have signaled that half-point rate hikes are on the table in June and July, although it's unclear how Friday's report could affect that.
"A 75-basis point increase is not something that the committee is actively considering," Powell told reporters at the post-meeting press conference. Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., May 4, 2022.
Hideous would be a better word.
No good!?..
Just go ahead and make it 2 points America is already ruined by Biden
Throwing fuel in the fire. It’s gov policies that are causing inflation not a hot economy
We are dangerously flirting with a recession
Need a shit load more than that.
The economy is spiraling out of control under Biden. He needs to step aside and let someone competent take over.
Interest rate hikes will only make it worse at this point. Want to slow inflation? Cut off freebies and printed money.
The Fed prefers to telegraph moves than use surprise, so they’d like raise 50bps and the message a more aggressive stance afterward, if that’s their intention.
I hope so
Remember joes is out to help the middle class and lower class
If the Fed keeps it up, given the war in Europe, 6.0% interest rate could drive the U. S. into a recession. There is a issue of diminishing returns . Red China and Goldman Sachs will collapse.
Good! Get it over with!
The Economy RN🙄
But but Biden is nicer 🙄
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