Bank of America analyst: If the labor market report is strong again, it will be difficult for the Fed not to raise interest rates by 75 basis points in September.

[Bank of America analyst: If the labor market report is strong again, it will be difficult for the Fed not to raise interest rates by 75 basis points in September] According to news on August 14, after two weeks of turmoil on Wall Street, the Federal Reserve is about to release the minutes of its July monetary policy meeting. That may provide some clues to help investors understand what factors may prompt the Fed to tighten again in September.

The Fed raised rates by 75 basis points for the second straight month in July, the fastest pace of tightening since the early 1980s. Financial markets are currently betting on the magnitude of a September rate hike in the range of 50-75 basis points after reports showed a stronger-than-expected job market and weaker-than-expected inflation.

Michael Gapen, an analyst at Bank of America, said that from a cost-benefit analysis, if the Fed is inclined to raise interest rates slightly, the inflation data may help it, but if the labor market report is strong again, it may be difficult for the Fed not to raise interest rates by 75 basis points. (Golden Ten)

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