Fed door open to 0.75% hike after inflation data, market moves - CNA

WASHINGTON: Eroding inflation data and fast-changing views in financial markets on Monday (Jun 13) have opened the door to a larger-than-expected 0.75 percentage point interest rate increase when Federal Reserve officials meet this week. It is a move offic…

Meanwhile, on Friday and Monday, an array of measures of inflation expectations moved in the wrong direction for a Fed that has said it is particularly sensitive to losing a grip on public psychology… [+1505 chars]

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