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US Fed to hike rates by 75 basis points in July, by 50 in September: Economists

The Straits Times LogoThe Straits Times1 mo ago

US Fed to hike rates by 75 basis points in July, by 50 in September: Economists

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June 22, 2022 8:25 AMThe Federal Reserve won't scale back to quarter-percentage-point moves until November at the earliest, according to economists polled by Reuters.

But forecasts for where the fed funds rate will be by the end of next year ranged between 2.50 per cent and 2.75 per cent and 4.25 per cent and 4.50 per cent, underscoring high uncertainty.

The Fed was expected to pause in the second and third quarters of next year and cut rates by 25 basis points in the final quarter of next year, according to the median forecast from a smaller sample.


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Article Details

Category: Economy

Topics: Rate Recession Point Year Points Poll Basis Cent Hike Funds Expect

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 08:25:24

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 5 minutes read

Article Length: 743 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3014

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About The Straits Times

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Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #25

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