Officials had signaled plans to raise interest rates in half-point increments before recent deterioration in data
Rising oil costs have helped push the national average price for a gallon of gasoline to $5 for the first time, and that's leading to increased inflation pressure across the U.S. economy. Photo illustration: Todd Johnsonin recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest-rate increase at their meeting this week.
Before officials began their premeeting quiet period on June 4, they had signaled they were prepared to raise interest rates by a half percentage point this week and again at their meeting in July. But they also had said their outlook depended on the economy evolving as they expected.
File it under: Too much/Too late Yellen played her ‘temporary’ card as political cover for new stimulus $ As well as a way of holding her breath for a soft landing of POTUS’ crashing poll numbers But supply and demand says inflation is here to stay Because Sanctions = Inflation
nicholashexican nooooooooooooooooooooooooooooooooooooooooo
“..likely to lead the Fed to consider..” Maybe a maybe?
I have been saying 75 Basis points since May 4.
Not sure if it has been priced in. We will see on Wed
It’s not enough.
With the latest selloff the Fed can easily raise rates by .75 points. Markets are anticipating that.
Amazing how the economy works. A combination of greed and a massive structural changes (47 mil. resignations) are going to cause central banks to raise rates, causing untold misery on average citizens (who will continue to bear the brunt of the impacts). Another wealth transfer
Get ready for the pending crash and defaults on unsecured loans, ie credit cards, that are tied to the Fed Rate.