RE: The fed over 3% int rate by year end.....15 Jun 2022 20:50
Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July.
“From the perspective of today, either a 50 basis point or a 75 basis point increase seems most likely at our next meeting,” Powell said a press conference following the central bank’s policy decision on Wednesday. “We anticipate that ongoing rate increases will be appropriate.”