Vital Signs: Another Rate Hike Is in Store

As usual, the markets await the Federal Reserve's press release following its two-day policy meeting. Also on tap: May personal income and homes sales, June consumer confidence, and more

Another Federal Reserve meeting, another hike in the fed funds rate. It now seems like a foregone conclusion that the Federal Open Market Committee will raise interest rates from 5% to 5.25% at the end of its two-day session on June 28-29. Once again, the post-meeting press release will likely garner more attention than the actual rate hike.

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