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US Treasury yields fluctuate as Fed rate decision looms

Kate Rooney

The Fed is widely expected to announce a quarter-point interest rate hike when it wraps up its June meeting Wednesday afternoon. The Fed will issue a statement at 2 p.m., along with its latest economic forecasts and its interest rate outlook. U.S. producer prices increased more than expected in May, and led to the biggest annual increase in inflation in nearly 6-1/2 years, the Labor Department said on Wednesday.