Minutes to Give Few Rate Clues as Fiscal Puzzle Clouds Fed View
- FOMC meeting details unlikely to lift ‘cloud of uncertainty’
- Inflation debate should continue through 2017 decision making
The Fed's Year Ahead
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Details about the closed-door policy discussion Federal Reserve officials held last month could help explain why several of them increased the number of interest-rate hikes they expect in 2017 without significantly upgrading their economic forecasts. Officials will likely be less revealing about the timing of the next policy move.
Minutes of the Dec. 13-14 meeting of the Federal Open Market Committee, during which officials decided to raise their benchmark lending rate by a quarter percentage point, are scheduled to be released at 2 p.m. Wednesday in Washington.