Wall Street

Could the Fed Raise Rates 100 Basis Points June 15?

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The Street

By Dan Weil After the June 10 news that consumer prices soared 8.6% in the 12 months through May, forecasts for Fed tightening rose. For weeks, Federal Reserve Chairman Jerome Powell indicated that the Fed was likely to raise interest rates by 50 basis points in both June and July. But after the June 10 news that consumer prices soared 8.6% in the 12 months through May, a 40-year high, investors and analysts began to ratchet their expectations upward. Barclays bank and investment bank Jefferies switched their predictions to 75 basis points from 50 for the meeting that ends June 15, Bloomberg r…

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