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Management's Karim Basta - 1 that's - 1 Ann Saphir - 1 Toby Chopra - 1
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☆ Fed interest-rate hike seen a lock for July
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +1 min
Before the Labor Department report, they had seen a nearly even chance that rates would get to a 5.5%-5.75% range by November. The report, which showed employers hired 209,000 workers last month, is "consistent with steady and gradual slowing of the labor market," wrote III Capital Management's Karim Basta. While that's not enough to dissuade the Fed a July rate hike, he said, an increase in September is "very much an open question." The Fed held its policy rate steady last month, targeting a 5%-5.25% range, but policymakers signaled further rate hikes ahead given still unacceptably high inflation and its slow progress toward's the Fed's 2% goal amid a strong labor market. Reporting by Ann Saphir; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
Persons: Management's Karim Basta, that's, Ann Saphir, Toby Chopra Organizations: Federal Reserve, Traders, U.S, Labor Department, Fed, Thomson
☆ Fed's words in focus as markets bet rate hikes will soon end
  + stars: | 2023-01-30 | by ( Ann Saphir | ) www.reuters.com   time to read: +6 min
The rate increase expected at the Federal Open Market Committee's Jan. 31-Feb. 1 meeting would bring the policy rate to the 4.5%-4.75% range. That's two quarter-point rate hikes short of the level most Fed policymakers in December thought would be "sufficiently restrictive" to bring inflation under control. At the same time, he said, "there's going to be some caution" about doing anything that could feed market expectations that a pause in rate hikes is imminent. Fed policymakers, as of December at least, all see no rate cuts until 2024. "The key question is how committed they are to further rate hikes."
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