Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July


Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in JulyLarry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that the Fed will not raise the rate at […]