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Economics
Central Banks

Fed Tilts Toward Third 75 Basis-Point Hike on Stubborn Inflation

  • Officials could debate bigger move but probably won’t do it
  • Forecasts expected to show rates above 4% next year, no cuts
Bloomberg business news
Summers Says Fed Terminal Rate Above 5% Wouldn't Surprise

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Federal Reserve officials are on track to raise interest rates by 75 basis points for the third consecutive meeting this week and signal they’re heading above 4% and will then go on hold.