Wall Street Estimates On US Federal Reserve Rate Hike Decision

Quick Summary:

Federal Reserve will announce another crucial rate hike decision during the FOMC meeting on Wednesday, February 1, primarily based on the aim to reduce inflation to 2%.

Considering the cooling inflation and strong jobs data, Wall Street experts believe the Fed is likely to slow the interest rate hike to 25 bps.

Wall Street expects a further slowdown in rate hikes due to rising recession risk and debt.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: Interest rate U.S. Federal Reserve News Cryptocurrency market United States

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-01 @ 11:06:10 (1 months ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 5044760

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