scorecardresearchA US Federal Reserve Rate Hike of 75 Basis Points Is a Done Deal for Traders

A US Federal Reserve Rate Hike of 75 Basis Points Is a Done Deal for Traders

Updated: 13 Jun 2022, 02:53 PM IST
TL;DR.
Traders are betting the Federal Reserve will raise rates by three quarters of a percentage point at least once in its next three meetings to cool the hottest inflation in four decades.
US Federal Reserve Chairman Jerome Powell takes questions during a news conference in Washington, DC, on May 4, 2022. - The Federal Reserve on Wednesday raised the benchmark lending rate by a half percentage point in its ongoing effort to contain the highest inflation in four decades. (Photo by Jim WATSON / AFP)

US Federal Reserve Chairman Jerome Powell takes questions during a news conference in Washington, DC, on May 4, 2022. - The Federal Reserve on Wednesday raised the benchmark lending rate by a half percentage point in its ongoing effort to contain the highest inflation in four decades. (Photo by Jim WATSON / AFP)