Economics
Fed to Hike But Avoid Signaling Faster Pace: Decision-Day Guide
- Median rate forecast for 2017 probably won’t rise, Wright says
- Look for upgraded language on business investment in statement
The Fed's Long Path to Meeting the Taylor Rule
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Federal Reserve officials are widely expected to announce an interest-rate increase this week amid buoyancy in the stock market and indications the U.S. economy continues to grow steadily, without signaling they anticipate accelerating their pace of policy tightening.
Beyond the expected announcement Wednesday of a quarter-point hike in the U.S. central bank’s benchmark rate target, to a range of 0.75 percent to 1 percent, investors will be looking for whether policy makers change their forecasts for the rest of 2017 and beyond.