Feds move to .75 rate hikeSo the u.s. feds are going to raise rates by three quarters of a point instead of half after an 8.6 inflation rate and the announcement that wholesale prices rose 10.8% in May. We may see a short bounce after the dramatic drop yesterday but it will be short lived. After a 14 point drop you would expect to see a bounce. Lets see where things go later this week.