Federal Reserve Chairman Jerome Powell holds a news conference following a meeting of the Federal Open Market Committee.
The Fed is set to conclude its two-day policy meeting Wednesday and make an announcement in the afternoon. The central bank is not expected to announce any policy changes on Wednesday. However, it is anticipated that the Fed will signal that it will be ready to raise interest rates as soon as March, and that it will consider other tightening measures. Market participants will also look for hints on further steps the Fed will take to unwind pandemic-era aid.
Recent market volatility is unlikely to deter the Fed from implementing as much as four or more interest rate hikes this year, market strategists say.
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