News From Press Fed's uncommon 75 bps hike may push RBI to go for steep hikes

Fed's uncommon 75 bps hike may push RBI to go for steep hikes

Source: ET Jun 17, 2022

The FOMC has listened to the market and has delivered a whopping 75-basis points hike in Fed Fund rates last night. This is the largest hike since 1994 and was in response to the scorching May Consumer Price Index. Another 50-75-bp hikes may be in the pipeline for July and September FOMC meetings.

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