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Fed Focus Turns to Dots as Hike Odds Fade: Decision-Day Guide

  • FOMC meeting may be ‘contentious’ even if hawks outnumbered
  • Signal for December increase likely to show up in ‘dot plot’
Bloomberg business news

Is a December Fed Rate Hike Increasingly Likely?

Disappointing economic news has led investors to trim expectations for an interest-rate increase when the Federal Reserve concludes its two-day meeting on Wednesday, though with some officials talking up the need to tighten policy, a hike isn’t out of the question.

The Federal Open Market Committee will issue a statement at 2 p.m. in Washington. Chair Janet Yellen will follow with a press conference at 2:30 p.m. Even if there’s no hike, the statement’s description of the economy, a fresh set of quarterly economic projections and the chair’s press conference could shed light on what the Fed may do next. Here’s what to watch for: