WSJ reports "A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week"
Important
SourceNewsquawk
SectionFed
- "Before officials began their pre-meeting quiet period on June 4, they had signaled they were prepared to raise interest rates by a half percentage point this week and again at their meeting in July. But they also had said their outlook depended on the economy evolving as they expected".
- "Last week’s inflation report from the Labor Department showed a bigger jump in prices in May than officials had anticipated."
- via WSJ