The Federal Reserve is set to make an announcement on rates at 2 pm ET. Markets are expecting another pause in the central bank's rate-hiking campaign as the economy continues to absorb the effects of higher borrowing costs.
The Federal Reserve concludes its two-day monetary policy meeting Wednesday, with an announcement on rates due at 2 pm ET. The central bank is expected to pause its rate-hiking campaign for the second time in a row as the economy continues to absorb the effects of higher borrowing costs.
Fed Chair Jerome Powell is set to hold a press conference at 2:30 pm ET to discuss the central bank's decision and outlook for the economy. US stocks opened slightly higher to start the month and ahead of what is considered a 'placeholder' Fed meeting, with the majority of investors anticipating the central bank will announce a pause.
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