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MNI: FOMC Not Actively Considering 75BP Rate Hike: Powell

(MNI) Washington

Additional 50bp hikes on the table for the next couple meetings, the Fed chair says.

The Federal Reserve is not actively considering a very aggressive 75-basis point interest rate increase right now, Fed Chair Jerome Powell said Wednesday.

"A 75 basis point increase is not something the committee is actively considering," he told reporters. "There is a broad sense on the committee that additional 50 basis increases should be on the table for the next couple meetings."

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The Federal Reserve is not actively considering a very aggressive 75-basis point interest rate increase right now, Fed Chair Jerome Powell said Wednesday.

"A 75 basis point increase is not something the committee is actively considering," he told reporters. "There is a broad sense on the committee that additional 50 basis increases should be on the table for the next couple meetings."

Keep reading...Show less