What post–Jackson Hole remarks from Fed officials tell us about size of rate increase coming this month

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The Federal Reserve appears to be on a path to raise interest rates by another 0.75 percentage point this month in the wake of Chairman Jerome Powell’s public pledge to reduce inflation even if it increases unemployment.

Jackson Hole notebook: Jason Furman says Fed’s benchmark rate could hit 5.5% next year

Also see: The Fed is not pivoting. Why were investors the last to know?

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