Investors To Seek Clues From Fed On Rate Increase
A stay-the-course message is expected from the Federal Reserve on Wednesday after it ends a two-day policy meeting. The Fed will likely approve a fifth cut in its monthly bond purchases because the job market has steadily strengthened. But no clear signal is expected on when the Fed will start raising short-term interest rates from record lows. The meeting will end with a statement outlining the Fed’s plans. The central bank will also update its economic forecasts, and Janet Yellen will hold her second news conference since becoming Fed chair in February.
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