The Fed will raise rates in the week ahead, but what Chair Powell says may matter most - 13 iunie 2022

The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 p.m. ET Wednesday. 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 percentage point, but hot May inflation data has made markets nervous about whether policymakers 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. But it’s whatever Powell says about summer and autumn rate hikes that could help set the course for turbulent financial markets. Stocks and bonds have been volatile on investor fears that inflation may not be peaking, and that the rate hikes could cause a recession.

https://www.cnbc.com/2022/06/10/fed-will-raise-raise-rates-next-week-but-powell-may-matter-most.html