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Benzinga
Benzinga
Business
Wayne Duggan

The Market Is Now Pricing In a 1% July Interest Rate Hike Following Red-Hot CPI Inflation Reading

US Federal Reserve Inflation John Lynch United States

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June, its first interest rate hike of that size since 1994.

With this month's Federal Open Market Committee meeting just around the corner, the bond market is now anticipating a greater than 50/50 chance the Fed will ramp up its tightening even further with a 1% interest rate hike in July.

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