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Fed’s Williams Sees 50 or 75 Basis-Point Rate Hike Debated in July

  • New York Fed chief Williams says recession not his ‘base case’
  • San Francisco’s Daly says US won’t go ‘over the handlebars’
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Fed's Daly Plays Down Risk of US Recession
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Federal Reserve officials played down the risk that the US economy will tip into recession, even as they raise interest rates with another 75 basis-point hike on the table next month.

New York Fed President John Williams and San Francisco’s Mary Daly both acknowledged on Tuesday they had to cool the hottest inflation in 40 years, but insisted that a soft landing was still possible.