Fed Decision Day Guide: From Rate Patience to Too-Low Inflation

Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. on Wednesday in Washington. There will be no press conference and no new economic projections.

-- Rate guidance: Policy makers will retain language pledging to be “patient” on the timing of an interest-rate increase as they assess the impact of a slowing global economy on the U.S., economists said. Officials have said they expect to raise rates this year for the first time since 2006.