Vital Signs: What Will the Fed Say Now?
The Fed will command center stage this week, as the markets await the central bank’s policy statement on Wednesday at 2:15 p.m. Fed-watchers are unanimous in expecting no change in the Fed’s 2% target rate, but Wall Street is somewhat anxious about how the statement will portray the policymakers’ balance of risks between recession and inflation. For months, the Fed has shown a clear bias toward actions that would support weak economic growth and fragile financial markets. That attitude appears to have changed.
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