Federal Reserve officials have “still a lot of time” before they need to decide on the exact rate of the next key rate hike at their Sept. 20-21 meeting, the Fed’s Richmond president said. , Thomas Barkin, on Friday, according to Reuters.
With an unusually long gap between two meetings, the US central bank will have the opportunity to see yet another “package” of macroeconomic data on unemployment, inflation and economic activity.
These will largely shape US central bankers’ view of whether a 0.5% or 0.75% hike will be needed from today’s 2.25%-2.50% range.
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