Fed Holds Rates, Adjusts Views

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central bank policymakers

CNBC

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Business

Business & Economics

The Fed will update its rate projections Wednesday. Here's what to expect

Summary

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78% Informative

Fed officials at this week 's meeting are expected to hold interest rates steady but adjust their views on the economy and possibly the future path of interest rates.

Committee could maintain its outlook for two cuts, remove one or both, or, improbably, add another as a statement of concern over a potential slowdown.

Chair Jerome Powell and his colleagues in recent weeks have advocated a patient approach in which they don't need to be in a hurry to do anything.

In other words, the FOMC meeting may leave many questions unanswered, as will the press conference by Jay Powell ," he said, using Powell 's nickname. The committee also could address its "quantitative tightening" program where it is allowing a set level of proceeds from maturing bonds to roll off the balance sheet each month . Markets widely expect the Fed to end the program later this year , and recent meetings have featured discussion about how best to handle the central bank's $6.4 trillion portfolio of Treasurys and mortgage-backed securities..

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Informative language

Neutral language

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semi-formal

Language

English

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not offensive

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not hateful