Economics
Fed Heads Toward 75 Basis-Point Rate Hike With Officials Wary of Bigger Move
- Atlanta Fed’s Bostic says he’s not on Team ‘Go Big’ today
- Key reading on consumers’ inflation expectations declines
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Federal Reserve officials are on track to raise interest rates by 75 basis points for the second straight month when they meet later in July, after policy makers pushed back against a bigger move.
Investors reversed bets on a full percentage-point increase after wary comments from officials including Atlanta Fed President Raphael Bostic and St. Louis’s James Bullard, plus a rare bit of good news on inflation.