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    Stock Market Today: Stocks Wobble Ahead of Fed's Next Rate Decision

    by Kyle Woodley Jun 14, 2022 2 minutes

    Another hot reading of inflation kept the bulls pinned to the ground Tuesday. All eyes now are on tomorrow's conclusion of the Federal Reserve's latest policy meeting, where America's central bank is expected to raise its benchmark interest rate once more.

    The Bureau of Labor Statistics reported this morning that U.S. producer prices rocketed 10.8% year-over-year (and 0.8% month-over-month) in May, driven in large part by high energy prices. That was a higher MoM rate than April's revised 0.4%, and roughly around economist expectations.

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