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Fed Bowman expects one more 75 bps hike, followed by subsequent 50bps hikes

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Fed Governor Michelle Bowman said in a speech she expects to “support additional rate increases until we see significant progress toward bringing inflation down”.

Based on current inflation readings, she expects that “an additional rate increase of 75 basis points will be appropriate at our next meeting as well as increases of at least 50 basis points in the next few subsequent meetings”

Full speech here.

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