As investors anxiously await the next FOMC meeting on June 14, they will be expecting another interest rate hike in an attempt to slow down inflation.
Fed board members such as Loretta Mester and Lael Brainard are expecting another 50 bps increase in the both the June and July meetings, unless inflation begins to decline. However, inflation has been persistent, and Fed officials have been in strong agreement on raising the interest rate by 50 bps in June.
