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The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect
For all the hype that goes into them, Federal Reserve meetings are usually pretty predictable affairs. Policymakers telegraph their intentions ahead of time, markets react, and everyone has at least a general idea of what’s going to happen. Not this time. This week’s gathering of the central bank’s Federal Open Market Committee carries an uncommon air of mystery. While markets have made up their collective mind that the Fed is going to lower interest rates, there’s a vigorous debate over how far policymakers will go. Will it be the traditional quarter-percentage-point, or 25-basis-point, rate reduction, or ... (full story)
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Follow price direction
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