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The Fed will raise rates in the week ahead but what Fed chief Powell says may matter most
The week ahead may all come down to what Federal Reserve Chairman Jerome Powell has to say at 2:30 p.m. Wednesday afternoon. Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half a percentage point, but hot May inflation data has made markets nervous about whether the Fed could be even more aggressive or forecast a faster pace of future rate hikes. The Fed will release new economic and interest rate forecasts at 2 p.m. ET. But it’s whatever Powell says about summer and autumn rate hikes that could help set the course for ... (full story)
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