Economics
Fed Won’t Be Rushed in Its Hiking Path by Wall Street Frenzy
- Fed officials stress they are looking for a gradual tightening
- While data-dependent, they rebuff calls for half-point hike
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Federal Reserve officials have a message for investors ramping up 2022 interest-rate expectations: not so fast.
None of six Fed officials speaking so far this week have backed the idea of a half-point rate increase in March, and the most aggressive, James Bullard, president of the St. Louis Fed, said five hikes -- one more than every quarter -- is “not too bad a bet.”