Federal Reserve officers resume deliberations Wednesday about tips on how to element plans to help the economic system now that they’ve formally adopted a strategy to keep interest rates lower for longer.
Officers’ public remarks earlier than getting into their conventional pre-meeting quiet interval two weeks in the past prompt they hadn’t but determined tips on how to reconfigure their coverage assertion to replicate the brand new framework. This raises the prospect they might make a number of adjustments now and extra in depth ones later this 12 months.
The central financial institution releases its coverage assertion at 2 p.m. Jap time together with new financial projections. Fed Chairman Jerome Powell follows with a press convention at 2:30 p.m., at which he may clarify how he and his colleagues are enthusiastic about doable extra steps.
Right here’s what to observe: