A blowout July jobs report could mean more rate hikes are needed to curb inflation.
That takes the cumulative June-July increase to 150 basis points.
Bond investors are betting the Fed will need to cut rates by at least 50 basis points next year.
Fed officials have pivoted to more aggressive rate increases as they fight the hottest inflation in 40 years.
Fed Chair Jerome Powell and his colleagues have pivoted aggressively to fight the hottest inflation in 40 years.
Consumers said they expect prices to rise by about 3% in five years.
Larger rate hikes may be necessary later in the year, she said.
During the pandemic, Americans over 70 saw debt loads rise by 25%.
The Fed is making a hawkish pivot as it battles the highest inflation in four decades.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
