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https://www.wsj.com/articles/fed-officials-preparing-to-lift-interest-rates-by-another-0-75-percentage-point-11658068201

Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point

Policy makers are leaning against full-point increase despite June inflation surge

By Nick Timiraos

July 17, 2022 10:30 am ET|WSJ Pro

Fed Chairman Jerome Powell has said he can’t guarantee the central bank will be able to bring down inflation without a recession. Photo: Shawn Thew/Shutterstock

Federal Reserve officials have signaled they are likely to raise interest rates by 0.75 percentage point later this month, for the second straight meeting, as part of an aggressive effort to combat high inflation.

Policy makers left the door open to a larger, full-percentage-point increase at the July 26-27 gathering. But some of them simultaneously poured cold water on the idea in recent interviews and public comments ahead of their premeeting quiet period, which began Saturday.