Wall St ends tumultuous week with strong rally as rate hike fears wane By Reuters

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Wall St ends tumultuous week with strong rally as rate hike fears wane By Reuters
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*WALL STREET ENDS TUMULTUOUS WEEK WITH STRONG RALLY AS SUPERSIZED FED RATE HIKE FEARS WANE -

and the Dow both snapped five-day losing streaks, and all three indexes ended below last Friday's close.

Consumer prices in June showed the highest annual growth rate since 1981, raising chances that the Fed could raise its key fed funds target rate by 100 basis points, steeper than the 75 basis point hike previously expected. Those fears were calmed by remarks from Fed officials on Thursday and Friday, which indicated an interest rate increase of 75 basis points is likely in the cards.

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