The Federal Reserve is expected to leave interest rates unchanged at the end of a two-day policy meeting on Wednesday, but also indicate that a reduction in ...
WASHINGTON - The Federal Reserve is expected to leave interest rates unchanged at the end of a two-day policy meeting on Wednesday, but also indicate that a reduction in borrowing costs could come as soon as September.
The economy grew at an above-trend 2.8% annual rate in the second quarter. Job openings and hiring data released on Tuesday showed continued resilience in the job market, with the number of open positions remaining above 8 million. The central bank's new policy statement will be released at 2 p.m. EDT , and Fed Chair Jerome Powell will hold a press conference half an hour later.Analysts say they expect Powell to emphasize that the Fed will remain "data-dependent" when it comes to its ultimate decision, with a larger-than-usual gap of time between now and the next meeting and more data to go along with it.
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Federal Reserve Interest Rates Rate Hikes
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