economy
Here's everything to expect when the Fed issues its latest interest rate decision Wednesday
In what could be Jerome Powell's final meeting as Fed chair, he and his fellow policymakers are likely to continue their cautious approach.
TL;DR
- The Federal Open Market Committee is expected to keep interest rates unchanged at its upcoming meeting.
- Stubborn inflation and a resilient labor market are key factors influencing the Fed's cautious approach.
- Attention will focus on Fed Chair Jerome Powell's future and the potential transition to successor Kevin Warsh.
- An ongoing investigation into Fed headquarters renovations may impact Powell's departure timeline.
- Elevated energy prices, including rising oil and gasoline costs, complicate the Fed's decision-making.