Fed likely to consider 0.75-percentage-point rate rise this week

The Fed raised rates by a half percentage point at its meeting last month, the first such increase since 2000, to a range between 0.75% and 1%. (Photo: Bloomberg) — The Fed raised rates by a half percentage point at its meeting last month, the first such increase since 2000, to a range between 0.75% and 1%. (Photo: Bloomberg)

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5 min read . Updated: 14 Jun 2022, 05:00 PM IST Nick Timiraos, The Wall Street Journal

Officials had signaled plans to raise interest rates in half-point increments before recent deterioration in data

A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest-rate increase at their meeting this week.