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Fed May Retain Bias to Hike Interest Rates: Decision-Day Guide
Federal Reserve Chairman Jerome Powell says the central bank has no bias in whether its next move is up or down, but his colleagues may deliver a more hawkish message. The Federal Open Market Committee is likely to forecast one interest-rate increase for this year, down from two in December’s projection, plus one more hike in 2020 -- though it’s a close call, according to economists surveyed by Bloomberg. Even so, the committee will probably repeat that it will stay “patient” with future rate “adjustments” in its policy statement released at 2 p.m. on Wednesday in Washington, as well as announcing when it ... (full story)
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