Economics
Fed Dots to Harden Views for December Move: Decision-Day Guide
- Hike this meeting looks certain with gradual moves ahead
- Rate forecasts to outline pace of tightening out through 2021
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The Federal Reserve is poised to increase interest rates for a third time this year as it publishes forecasts that are expected to bolster expectations for another move in December and a continued pace of gradual tightening in 2019.
The Federal Open Market Committee is almost certain to raise rates a quarter point at the end of its two-day meeting Wednesday to a target range of 2 percent to 2.25 percent -- the highest level in more than a decade.