Do you work at Federal Reserve Board (FRB)? Claim your profile
FOMC expected to announced 0.75% rate hike after 2-day meeting ends Wednesday.
The Fed’s primary goal is to reduce inflation, although this may “bring some pain to households and businesses.”
July meeting minutes show another 50-basis-point rate hike is expected in September.
Survey of senior loan officers cites reasons including inflation, credit quality, and reduced tolerance.
NMP poll also shows pessimism about profits and refinancing business.
Experts do agree there is much uncertainty about what the Fed will do next.
