The Fed will raise rates in the week ahead, but what Chair Powell says may matter most

(CNBC) The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 p.m. ET Wednesday. Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half percentage point, but hot May inflation data has made markets nervous about whether policymakers could be even more aggressive or forecast a faster pace of future rate hikes.

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