Category: 75 basis points

Fed Official Says 0.75 Point Interest Rate Hike Cannot Be Ruled Out

May 11, 2022
75 basis pointsBusiness & Economyeconomyfed rateinflationinterest rate hikeLoretta MesterUSUS News
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Cleveland Federal Reserve Bank President Loretta Mester recently said that she can’t rule out the possibility of a 75-basis-point interest rate hike by the Federal Reserve, depending on where inflation is heading. “We don’t rule out 75 forever, right? The cadence we’re going now seems about right to me,” Mester said during a May 10…

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Federal Reserve May Raise Interest Rate by 75 Points, Says Official

April 19, 2022
75 basis pointsBusiness & Economyeconomic policieseconomyhigh inflationinflationU.S. Federal ReserveUSUS News
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The U.S. central bank may hike interest rates by up to 75 points due to the high rate of inflation, according to James Bullard, president of the St. Louis Federal Reserve Bank who also added that he does not expect such an increase to occur right away. Bullard pointed to Fed’s 75-point interest rate hike…

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