Fed Moves Toward Another Big Rate Increase as Inflation Lingers [The New York Times]
JP Morgan Chase & Co. (JPM)
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Source: The New York Times
Skip to contentSkip to site indexEconomyLog inToday’s Paper|Fed Moves Toward Another Big Rate Increase as Inflation Lingershttps://www.nytimes.com//07/06/business/economy/fed-rate-increase-inflation.htmlThe U.S.Economy TodaymentContinue reading the main storySupported byAs the Federal Reserve battles rapid inflation, officials are likely to stay on an aggressive path even as signs of economic cooling emerge.The Fed chair, Jerome H. Powell, has said that central bankers will debate between a 0.50 or 0.75 percentage point increase at the central bank’s July meeting.Credit...Haiyun Jiang/The New York TimesByJeanna SmialekJuly 6, ,6:39 p.m. ETWASHINGTON — The Federal Reserve, determined to choke off rapid inflation before it becomes a permanent feature of the American economy, is steering toward another three-quarter-point interest rate increase later this month even as the economy shows early signs of slowing and recession fears mount.Economic data suggest that the United States could be
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