Fed officials beat the inflation drum;  “Reasonable” 50 basis point rate hike next month

Fed officials beat the inflation drum; “Reasonable” 50 basis point rate hike next month

Aug 3 (Reuters) – Federal Reserve officials on Wednesday expressed renewed determination to contain high inflation, although it was noted that a half-percentage-point hike in the Fed’s benchmark interest rate U.S. central bank next month could be enough to make progress toward that goal. “I’m assuming that 50 (basis points) would be a reasonable thing …

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