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MNI STATE OF PLAY (RPT): 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.

(Repeats article first published on July 26)

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.

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(Repeats article first published on July 26)

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.

Keep reading...Show less