Fed hikes 75 basis points second time, signals third is possible - BNN


7/27/2022 12:00:00 AM2 years 9 months ago
by Bloomberg News

U.S. Fed officials raised interest rates by 75 basis points for the second straight month and Chair Jerome Powell said a similar move was possible again, while rejecting speculation that the U.S. economy is in recession.

Federal Reserve officials raised interest rates by 75 basis points for the second straight month and Chair Jerome Powell said a similar move was possible again, rejecting speculation that the US econ… [+5741 chars]

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