‘I’m betting the second half turns out better’: Jim Cramer believes that the market will soon bounce. Here’s what he likes to ‘protect you’ while the Fed keeps tightening
Fed’s Waller leans toward 50-basis-point rate hike in September
“I am definitely in support a doing another 75-basis-point hike in July,” Waller said during a discussion with the National Association for Business Economics, a position expressed by several policymakers in the run-up to the U.S. central bank’s next policy-setting meeting on July 26-27. “Probably 50 in September,” Waller added, “and then after that we can debate whether to go back down to 25s or if inflation just doesn’t seem to be going down, we have to do more.” The Fed last month raised its benchmark overnight interest rate by three-quarters of a percentage point, its biggest hike since 1994, as it stiffens its resolve to tame stubbornly high inflation without causing too much economic harm.