Bond traders are signaling that even inflation expectations at 2016 highs won’t be enough to push the Federal Reserve to raise interest rates this week.
Futures show the central bank will hold its benchmark unchanged when it meets Tuesday and Wednesday as policy makers incorporate international events into monetary-policy decisions. The meeting will give policy makers a chance to either ratify or scale back their stance from their last review in March, when they changed their outlook for rate increases this year to two from four. Officials cited weaker global growth while saying they’re monitoring inflation.
