The Fed could enact a 'substitute' interest rate hike at its June meeting

The Fed could enact a 'substitute' interest rate hike at its June meeting

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Federal Reserve officials could talk tough enough at their June meeting that it would amount to a de facto interest rate hike. Markets are assigning a low probability that policymakers will approve what would be the 11th consecutive rate increase since March 2022. But the rate-setting Federal Open…

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