Fed likely to keep rates on hold and sketch a bright outlook
The Federal Reserve remains on track to keep raising interest rates, just not this week.
After the Fed’s latest policy meeting, it’s expected to signal a healthy outlook for the economy but to hold off on any further credit tightening, most likely until December.
Further rate increases are expected in 2019.
In deciding how fast or slowly to keep raising rates, the Fed will be monitoring the pace of growth, the job market’s strength and gauges of inflation for clues to how the economy may evolve in the coming months.