Fed hikes interest rates by 0.75 point

for the second month in a row

To combat inflation, the Fed raises interest rates by three-quarters of a percentage point

The Federal Reserve is likely to raise interest rates by three-quarters of a percent Wednesday afternoon, marking the Fed's second boost of that magnitude in a row.

On Wednesday, July 27, 2022, Federal Reserve Chair Jerome Powell is expected to deliver the largest back-to-back rate increases in decades.

For the second consecutive meeting, the Federal Open Market Committee is projected to raise rates by 75 basis points, the most aggressive tightening since the 1980s.

The decision will be announced in Washington at 2 p.m. There will be no quarterly predictions issued, and Powell will hold a press conference 30 minutes later.

According to fmr. Atlanta Fed president, the Fed is likely to raise rates by 75 basis points and keep options open for September.

Investors will be looking to Fed Chairman Jerome Powell for signals on what the central bank may do at its September meeting, but he is expected to be vague and leave alternatives open.

According to fmr. Atlanta Fed president, the Fed is likely to raise rates by 75 basis points and keep options open for September.

A 75-basis-point, or three-quarter-point, increase would put the federal funds rate at 2.25 percent to 2.5 percent.

Interest rates, which are presently at 40-year highs, are the Fed's most critical tool for combatting inflation.

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