Fed rate hike and FANG shakeup could snap stocks out of spring lull
June 9, 2017 | by Patti Domm | CNBC
Stock market volatility could pick up in the week ahead, as traders await the Federal Reserve and watch to see whether the shakeout in tech and momentum stocks continues.
The Fed begins its two-day meeting Tuesday and is expected to raise the range for the fed funds target rate by a quarter point Wednesday afternoon.
Fed officials should also give a nod to the fact that inflation is weaker but that they remain confident about the economy. Fed Chair Janet Yellen is also expected to talk more about how the Fed could move ahead to pare back its massive $4.5 trillion balance sheet later this year.
