Is a Fed Surprise On Tap?

Some wonder whether the central bank may raise the federal funds rate by half a percentage point on June 29. Here's why

The Federal Reserve is as stodgy an institution as you'll ever find. Chairman Ben Bernanke doesn't pull rabbits out of top hats or break into song when he testifies before Congress. Nevertheless, some observers of the U.S. central bank are wondering whether the Fed might have a big surprise in store for Thursday, June 29, when it announces the deliberations of its rate-setting committee.

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