Free Trial
USDCAD TECHS

Northbound

US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

US TSY OPTIONS

BLOCK, Late Puts

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI STATE OF PLAY: Fed To Lift Rates By Another 75 bps

(MNI) Washington

Policy path for September and beyond up for debate as inflation pressures broaden but recession fears mount.

The Federal Reserve is set to lift its benchmark policy rate by an unusually large 0.75 percentage point Wednesday for a second straight meeting and debate future increases as it continues to play catch-up in a bid to restore price stability.

The target range for the fed funds rate will rise to 2.25% to 2.50% after this week's move, entering the range of officials' estimates of a neutral policy setting.

Keep reading...Show less
493 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Federal Reserve is set to lift its benchmark policy rate by an unusually large 0.75 percentage point Wednesday for a second straight meeting and debate future increases as it continues to play catch-up in a bid to restore price stability.

The target range for the fed funds rate will rise to 2.25% to 2.50% after this week's move, entering the range of officials' estimates of a neutral policy setting.

Keep reading...Show less