Fed’s Bullard Leaves Open Possibility of Larger December Hike
KabuhayanAng Bullard ng Fed ay Nag-iiwan ng Bukas na Posibilidad ng Mas Malaking Pag-akyat sa Disyembre 10 / 15 / 2022 Balita ng Ethereum ng Bitcoin (Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard left open the possibility that the central bank would raise interest rates by 75 basis points at each of its next two meetings in November and December, while saying it was too soon to make that call. Karamihan Basahin mula sa Bloomberg The Fed hiked rates by 75 basis points for the third straight meeting last month, to a target range of 3% to 3.25%. Officials projected 125 basis points of tightening for the rest of the year, suggesting a 75 basis-point move in November and 50 basis points in December. A further 25 basis points of tightening was penciled in for 2023, according to their median estimate. “Whether the committee would want to pull some proposed or thought-of policy-rate increases from 2023 into the December meeting, I think that’s a judgment that is premature to make,” he said Saturday in Washington during an event on the sidelines of the annual meeting of the International Monetary Fund and World Bank. The US central bank is raising interest rates at the