Interest Rate Hike? Fed Decides Wednesday Whether To Boost Interest Rates
September 21, 2016
All eyes were on the U.S. Federal Reserve’s Federal Open Markets Committee ahead of its decision Wednesday afternoon on U.S. interests.
The FOMC was to announce its decision on whether to raise the overnight rate 25 basis points at 2 p.m. EDT. Fed Chair Janet Yellen has scheduled a news conference shortly after. Investors will be mining minutes of the meeting, which will be released later, for clues on what will happen at subsequent meetings.