Fed Expected to Raise Interest Rates Again

The Federal Reserve appears ready to hike interest rates Wednesday for the third time this year, as the central bank responds to rising inflation and robust hiring by U.S. employers.

As the Federal Open Market Committee begins a two-day meeting Tuesday, investors widely expect policymakers to set in motion another increase to short-term interest rates. Investors and economists will also be watching Fed Chairman Jerome Powell, whose comments during a Wednesday afternoon press conference, may offer a better picture of officials’ plans heading into 2019 and potential concerns over the economic impact of new import tariffs.

The Fed has been rolling back policies aimed at stimulating the U.S. economy in the aftermath of the 2008 financial crisis. Officials have raised rates seven times since 2015, and forecasts penciled in two more rate hikes during meetings this week and in December.

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