With Fed expected to hike, attention turns to what it says
WASHINGTON — There isn’t much doubt about what the Federal Reserve will do when its latest policy meeting ends Wednesday: It’s all but certain to raise its benchmark interest rate — its first increase in a year.
The real anticipation surrounds what Fed officials may or may not say about the pace of future rate hikes against the backdrop of Donald Trump’s election.
Will they signal that they expect to raise rates very gradually in the coming year?