Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Fed officials beat inflation drum; 50-basis-point rate hike 'reasonable' next month

Aug 3 (Reuters) – Federal Reserve officials on Wednesday again expressed their determination to rein in high inflation, though one noted that a half percentage point hike in the U.S. central bank’s key interest rate next month would could be enough to move towards that goal. “I go from the idea that 50 (basis points) …

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