The Fed may raise interest rates at its next meeting(June 9)

The resilience of recent U.S. economic activity data and continued sticky inflation suggest that the FOMC should consider raising the federal funds rate by 25 basis points to 5.50% at its June 13-14 policy meeting;

According to the Fed‘s recent communication with the market, the Fed is inclined to skip raising interest rates and may tighten further later. He added that the FOMC is expected to raise its GDP and inflation forecasts for 2023, and terminal interest rate expectations may therefore be raised in tandem.