FOCUS TURNS TO RATE HIKE, WHAT FED SAYS
It’s all but certain the Federal Reserve will raise its benchmark interest rate after its policy meeting ends Wednesday. This will be its first increase in a year.
The Fed is expected to raise its key rate by a modest quarter-point to a range of 0.5 percent to 0.75 percent — a move that will likely lead to slightly higher rates on some consumer and business loans. But the real anticipation surrounds what Fed officials may or may not say about the pace of future rate hikes against the backdrop of Donald Trump’s election.