The Real Fed Debate This Month: What Would Prompt a Rate Hike This Fall

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The Federal Reserve is preparing to raise interest rates this month to a 22-year high. The real debate at the central bank’s July meeting will likely center on what would prompt another rate hike in the fall.

July 14, 2023 12:01 am ETJerome Powell, as chair of the Federal Reserve, appears to hold the country’s economic health in his hands. It is a role that has earned him both praise and criticism. John McColgan for The Wall Street Journal

The outcome of the Federal Reserve’s July meeting appears to be all but decided: Many officials signaled in recent speeches and interviews that they support a quarter-percentage-point increase that lifts interest rates to a 22-year high.Continue reading your article with

 

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