Fed could weigh historic 100 basis-point hike after inflation scorcher
Futures priced roughly a one-in-two chance of such a hike after consumer prices rose a hotter-than-forecast 9.1% in the year through June.
Federal Reserve officials may debate a historic one percentage-point rate hike later this month after another searing inflation report, which cemented odds of at least a 75 basis-point move and boosted expectations for a similar increase in September.
Investors upped bets the central bank could r
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