Fed to stick to 75 bps hike in July; 40% chance of recession - Reuters.com

The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornly-high inflation as the likelihood of a recession over the next year rises to 40%, a Reuters poll of economists found.

BENGALURU, July 21 (Reuters) - The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornly-high inflation as the like… [+3576 chars]

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