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Fed’s Bullard backs two more interest-rate hikes

Por: MarketWatch Politics May 22, 2023

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Bullard said that the timing of the rate hikes was uncertain but that he has been an advocate of raising rates “sooner rather than later.” “You want to get the downward pressure while you can,” he said. The Fed raised its benchmark rate by 25 basis points to a range of 5%-5.25% at its meeting in May. That matches the median forecast of Fed officials for the peak interest rate in this cycle. Officials at the Fed are divided over whether... + full article



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