The Federal Reserve is widely expected to leave interest rates unchanged when its June policy meeting wraps up on Wednesday, signaling a new chapter in the central bank’s fraught fight against inflation.
evaluate how central bankers’ moves over the past year are affecting the economy in real time. Rate hikes operate with a lag, and with the federal funds rate now at a level between 5 and 5.25 percent, the full scope of high borrowing costs may not be felt until laterAssuming there’s no rate increase on Wednesday,
what remains to be seen is whether the Fed sets expectations for a hike at its next meeting in July, or if it signals it is done raising rates altogether. Fed officials could leave both options on the table, especially since fresh government data releasedbut also signs that some of the stickiest reasons for high prices just aren’t budging.
The Fed will announce its rate hike decision at 2 p.m. Eastern, along with a fresh crop of economic projections for rates, the unemployment rate, inflation and economic growth. Those projections often
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