![]() With no fresh Fed economic or policy rate projections due until the central bank’s June meeting, most clues on how far and how fast it is prepared to go will come from Fed Chair Jerome Powell’s news conference, which starts at 2:30 p.m. Markets have priced in further rate increases through this year and into next, including at least a couple more half-percentage-point hikes, as traders bet the central bank moves much more quickly than it had anticipated it would in March to get borrowing costs up to where they will start actively curbing inflation. EDT (1800 GMT) following the end of the Fed’s latest two-day meeting. ![]() The policy statement is due to be released at 2 p.m. central bankers intensify efforts to bring down high inflation.įed policymakers have widely telegraphed a double-barreled decision that would lift the Fed’s short-term target policy rate to a range between 0.75% and 1%, and set in motion a plan to trim its portfolio of Treasuries and mortgage-backed securities (MBS) by as much $95 billion a month. WASHINGTON (Reuters) – The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. ![]() FILE PHOTO: An eagle tops the Federal Reserve building’s facade in Washington, July 31, 2013.
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