Economics

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Jerome Powell
Photographer: Al Drago/Bloomberg

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By Alister Bull

June 11, 2022 at 8:00 PM UTC

Updated on

June 12, 2022 at 9:20 AM UTC

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Jerome Powell could deliver a hawkish surprise on Wednesday even after effectively pre-announcing 50 basis-point interest-rate increases at the Federal Reserve’s meeting this week and in July.