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Fed Officials Back Another Large Rate Increase
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A Federal Reserve official suggested he would support raising interest rates by another 0.75-percentage point later this month to combat inflation, the latest policy maker to do so.
Officials have been debating whether to raise rates by 0.5 point and 0.75 point at their coming Sept. 20-21 policy meeting, but they haven’t pushed back against market expectations of the bigger move.
Read more on wsj.comAbout this in other media
Fed Rate Decision Sends U.S. Treasury Yields in Different Directions wsj.com /2 years ago
Fed raises interest rate by 0.75 percentage points as US seeks to rein in inflation theguardian.com /2 years ago
Fed raises rates by another three-quarters of a percentage point to fight inflation cnbc.com /2 years ago
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