The central bank is expected to hold rates steady, but investors will closely watch the summary of economic projections and the comments from Fed Chair Powell.
Federal Open Market Committee's policy decision
, which is due out on Wednesday afternoon. The central bank is widely expected to hold rates steady, but investors will be paying close attention to the summary of economic projections and the press conference of Fed chair Jerome Powell for clues about what might happen in the months ahead.Sign up for NBC LA newsletters.
"The number one thing we're watching for, and what investors are looking for, is where are longer term expectations: Where is that terminal rate," said Dylan Kremer, co-chief investment officer at wealth management firm Certuity. "And ultimately we expect to downplay any inflationary items that have come out recently, such as the oil markets," he added.
Trading has been mostly quiet so far this week, seemingly on hold ahead of the Fed meeting. On Tuesday, the
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