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MNI BRIEF: Powell Says 75BP Or 50BP Hike Possible For July

(MNI) WASHINGTON

The Federal Reserve’s aggressive 75 basis point rate hike today is a rare event but it could happen again at the Fed’s next meeting, Chair Jerome Powell said.

“I do not expect moves of this size to be common. Either a 50 basis point or a 75 basis point increase seems likely” at the next meeting, he said.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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