8/2/2023 0 Comments Fed next meeting 2022![]() In separate comments at a forum organized by the Tampa Bay Business Journal, Atlanta Fed President Raphael Bostic cautioned against the central bank moving "too dramatically" because it could undermine the strong hiring and other positive trends still seen in the economy. "It probably doesn't make too much difference to do 100 basis points here and less in the other three meetings (in 2022) or to do 75 basis points here and slightly more in the remaining three meetings of the year," Bullard said. central bank approves a 0.75-percentage-point rate increase this month, as policymakers have flagged, or boosts that to a full percentage point. charting out a course that is somewhat more aggressive over the second half of this year," Bullard said at an event organized by the European Economics & Financial Centre in London.īut he also said he was indifferent about whether the U.S. Louis Fed President James Bullard, among the chief advocates of quicker and larger rate increases, said the "hot" inflation reading for June warrants pushing the target federal funds rate to a range of between 3.75% and 4.00% by the end of this year, a half percentage point higher than his prior year-end aim. TAMPA, Fla., July 15 (Reuters) - Federal Reserve officials signaled Friday they will likely stick with a 75-basis-point interest rate increase at their July 26-27 meeting, though a recent high inflation reading could still warrant larger increases than anticipated later in the year.ĭata released earlier this week showing inflation had accelerated to an annual rate of 9.1% in June raised the possibility the Fed might opt for a larger 1 percentage point rate hike at its next session.īut comments from Fed officials on Friday, coupled with data showing economic activity holding up and the inflation outlook among consumers improving, undercut some of the urgency for a larger increase.
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