Economics
Fed to Discuss When to Pause Gradual Hikes: Decision Day Guide
- FOMC’s statement likely to reinforce odds for a September hike
- Esther George to cast San Francisco vote as it seeks new chief
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Federal Reserve Chairman Jerome Powell has signaled the U.S. central bank could take a break from increasing interest rates at some point. His colleagues are now debating how quickly to consider such a pause.
The Federal Open Market Committee is almost certain to keep rates steady at the close of its two-day meeting Wednesday in Washington, and will reinforce bets on a move in September if it repeats a reference to further gradual rate hikes in the accompanying policy statement.