Fed set to raise rates by 0.75% to fight inflation
The Federal Reserve’s monetary policy committee meeting will conclude on Wednesday. Most analysts expect the Fed to raise its benchmark short-term federal funds rate by 75 basis points as a result of the 12-month consumer inflation rate rising in June to 9.1% from 8.6% in May. The rate hike, to be announced at the conclusion of the Fed’s two-day policy meeting, will be the fourth this year and will likely match last...
