Tag: 75 basis points increase

Another large rate hike is possible in September
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Another large rate hike is possible in September

Fed Chair Jerome Powell said on Wednesday that another large rate hike is possible in September as well. But, that will be decided according to the incoming data between now and then. The Fed decision regarding a third consecutive increase of 75 basis points – or something different – will be guided by the fact […]

Gold Reaches a One-Year low
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Gold Reaches a One-Year low

Due to the rise in the US dollar index and prospects of more aggressive interest rate hikes, gold reaches a one-year low on Thursday.   The price of Spot gold fell about 0.2% to $1,693.90 per ounce by 0052 GMT. While in August 2021 the price was trading at $1691.40 per ounce. The dollar stayed below […]

Fed Waller Supports a 75 basis points increase
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Fed Waller Supports a 75 basis points increase

Fed Waller supports a 75 basis points increase later this month but it can be more than that. At the Rocky Mountain Economic Summit Global Interdependence Center in Victor, Idaho, Waller said he is expecting another rate hike of 75 basis points. It will bring the range of federal funds to 2.25% to 2.5% before […]