What will the Fed do?

Published: June 14, 2023, 2:39 p.m.

It's a "wait-and-see" Wednesday on Wall Street as this afternoon's Federal Reserve interest rate decision looms large. Investors are hoping for a "Powell punt" - no rate hike - following 11 consecutive months of increases. Perhaps helping push the Fed toward a pause is the latest Producer Price Index report released this morning. It shows prices falling at the factory gate by a greater-than-expected 0.3% month over month.\nTo learn more about how CNN protects listener privacy, visit cnn.com/privacy\nLearn more about your ad choices. Visit megaphone.fm/adchoices