The Straits Times Business News Soaring US inflation fuels bet | SGX Market Updates

The Straits Times Business News
Soaring US inflation fuels bets on sharper Fed rate hikes
June 12, 2022 11:37 AM
NEW YORK (REUTERS) - Stubbornly hot inflation in the United States is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by delivering a jumbo-sized interest rate hike in coming months.