Source: Sara Schafer, AGWEB, 6/14/22


All signs point north. The Fed’s Federal Open Market Committee (FOMC) is meeting today and June 15. Investors and market-watchers are preparing for a potentially faster and steeper rate hike, as inflation data was worse than expected — hitting 8.6% in May. In addition, the Producer Price Index for final demand increased 0.8% in May, seasonally adjusted. This rise followed advances of 0.4% in April and 1.6% in March. On an unadjusted basis, final demand prices moved up 10.8% for the 12 months ended in May.

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