The Federal Reserve will end its two-day meeting this week. While they are not expected to take any policy actions during this meeting, they should be releasing some new economic forecasts as well as providing insight into potentially tapering its bond-buying program.
There’s a chance it could pencil in an initial rate hike in 2023. In its previous forecast, there was no consensus for a rate hike among Fed officials though 2023.
“I think the commentary and the press conference will be interesting. There’s clearly a division on the board and among the Fed presidents about how strong the economy is, and whether it’s time to start evolving the policy,” said Rick Rieder, chief investment officer global fixed income at BlackRock.
Here’s the rundown of what we can expect.
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