Another big Fed rate hike is coming. But how many more after that?
CNN
The Federal Reserve is widely expected to raise interest rates by a half of a percentage point for the second consecutive time at the end of its next meeting on June 15. After that, all bets are off. Bigger rate hikes could be in the cards as consumer prices surge.
More rate hikes are likely in the coming months because Jerome Powell and the rest of the Fed can't declare victory against rampant inflation anytime soon, especially since consumer prices rose 8.6% year-over-year through May.
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