Fed: Further rate hikes will be data dependent and could come as soon as September – Nordea
|The FOMC delivered a well-telegraphed 25 bps rate hike. Any further increase will be data dependent, economists at Nordea report.
Data dependent
The FOMC unanimously raised interest rates by 25 bps. Despite the lower June CPI reading, they still see inflation as being elevated and kept the hiking bias.
Further rate hikes will be data dependent and could come as soon as September.
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