Federal Reserve officials will conclude their two-day meeting on Wednesday, and they are widely expected to keep interest rates steady at a two-decade high when they release their policy decision at 2 p.m.
But investors are likely to closely watch the meeting — particularly Chair Jerome H. Powell’s 2:30 p.m. news conference — for hints of when policymakers might begin to lower interest rates.
On the one hand, inflation has come down more swiftly than many economists had expected in recent months.
On the other, economic growth is proving stronger than anticipated, which could give companies the wherewithal to keep raising prices into the future.
Here’s what to know about this meeting.
Persons:
Jerome H
Organizations:
Federal