{"id":546746,"date":"2022-05-26T04:00:08","date_gmt":"2022-05-26T04:00:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/us-interest-rates-could-be-100-bps-higher-by-july\/"},"modified":"2022-05-26T04:00:08","modified_gmt":"2022-05-26T04:00:08","slug":"us-interest-rates-could-be-100-bps-higher-by-july","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/us-interest-rates-could-be-100-bps-higher-by-july\/","title":{"rendered":"US interest rates could be 100 bps higher by July"},"content":{"rendered":"

<\/a> Two more 50-bps Fed rate hikes coming up?<\/strong> That\u2019s what the newly-released minutes<\/a>(pdf)<\/a> from the Federal Reserve\u2019s May meeting suggest. In its 3-4 May meeting, the central bank went ahead with its biggest hike since 2000<\/a> raising rates by 50 bps in a bid to quell soaring inflation. Minutes from the meeting released yesterday shows that officials expected to have to deliberately slow economic growth in order to combat inflation. \u201cMost participants judged that 50-bps increases in the target range would likely be appropriate at the next couple of meetings,\u201d the minutes said. \u201cA restrictive stance of policy may well become appropriate depending on the evolving economic outlook.\u201d The minutes also showed members agreeing to a plan starting 1 June to start unwinding the central bank\u2019s USD 9 tn of treasuries and mortgage bonds on its balance sheet.<\/p>\n

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