It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank winds down its two-day meeting Wednesday. The Fed is expected to fire off another three-quarter point rate hike — its third in a row. It will also release new quarterly forecasts for inflation, the economy, and the future path of interest rates Wednesday at 2 p.m. ET. The Fed’s projections are always important, but this time they are even more so because investors have been trying to game how high the Fed will raise interest rates and how much officials expect their actions could impact the economy.
Source: CNBC
