World Business News

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Investors to seek clues from Fed on rate increase

Zone(s): USA ¦ Sector(s): Economy
[18 June 2014,] By Martin Crutsinger, AP Economics Writer, Washington, USA: A stay-the-course message is expected from the Federal Reserve on Wednesday after it ends a two-day policy meeting. The Fed will likely approve a fifth cut in its monthly bond purchases because the job market has steadily strengthened. But no clear signal is expected on when the Fed will start raising short-term interest rates from record lows.

The meeting will end with a statement outlining the Fed’s plans. The central bank will also update its economic forecasts, and Janet Yellen will hold her second news conference since becoming Fed chair in February.

The Fed got some further cause for discussion just before it started this week’s meeting with a report Tuesday of a surprising jump in consumer inflation.

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