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

Quick Summary AI Powered

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.

More Pictures


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:

Language: English

Reading Time: 5 minutes read

Article Length: 743 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3014

View Article Analysis

About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website:

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

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.