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Fed Minutes Could Bolster Bets for 75 Basis-Point Hike in July

  • Record of debate at June meeting may yield clues on rate path
  • Inflation expectations were leading topic of June discussion
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El-Erian: 'Worried' About Liquidity As Issuance Falls

The Federal Reserve will unveil details of what policy makers debated last month that may shed light on how they view the near-term path for interest rates amid surging inflation and signs of a slowing economy.

Chair Jerome Powell has said the Fed could hike by either 50 basis points or 75 basis points in July. He made the remarks at a June 15 press conference after policy makers raised rates by 75 basis points in the largest hike since 1994. The Fed will publish minutes of the meeting at 2 p.m. in Washington on Wednesday.