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Fed governor calls for another 75 basis points hike in July - Nikkei Asia

Nikkei Asia LogoNikkei Asia1w ago

Fed governor calls for another 75 basis points hike in July - Nikkei Asia

Quick Summary

Fed Governor Christopher Waller, far left, supports another 75 basis points interest rate rise in July.(Reuters) -- Federal Reserve Gov.

The Fed's rate hike on Wednesday, its biggest increase in more than a quarter of a century, lifted its target for the benchmark overnight lending rate to a range of 1.50% to 1.75%.

Waller argued on Saturday that it was the Fed's overly specific promises about when it would end its asset purchases that were at fault.


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Article Details

Author / Journalist: Staff Writer

Category: BusinessFinanceAsia

Topics: Policy Zero Rates Rate Waller Interest Inflation Purchases Nikkei

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-18, 21:45:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 4 minutes read

Article Length: 582 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 832

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: BusinessFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 14 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 11h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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