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FOMC Minutes Preview: Will July Be 50 Or 75?
At its June meeting, the Fed lifted rates by 75bps to 1.50-1.75%, and said it continued to anticipate that ongoing hikes would be appropriate, adding that it was strongly committed to returning inflation to its 2% objective. A key statement change saw the line “with appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2% objective and the labour market to remain strong” removed and replaced with “the Committee is strongly committed to returning inflation to its 2% objective.” The late shift to 75bps was catalyzed by the hot May CPI print alongside consumer ... (full story)
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- Jul 6, 2022 12:57pm Jul 6, 2022 12:57pm
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Pat Chiko
- Joined Dec 2008 | Status: Newbie | 598 Comments
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Pat Chiko
- Joined Dec 2008 | Status: Newbie | 598 Comments
I come from the future.
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forexsudha
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