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Cut, hold, or hike? That is the question at the Federal Reserve.
The Fed will have six weeks until officials convene their next two-day policy meeting and decide the course of action for interest rates.
Officials voted overwhelmingly to keep the benchmark federal funds rates unchanged in its existing range of 3.5 percent to 3.75 percent.
The central bank, according to the Summary of Economic Projections, is still penciling in a single quarter-point rate cut sometime this year.
Investors largely agreed that the Fed would follow through with further monetary policy loosening.
However, futures market data suggest traders are increasingly betting on a rate hike, the first since the current easing cycle began almost two years ago….
The Fed will have six weeks until officials convene their next two-day policy meeting and decide the course of action for interest rates.
Officials voted overwhelmingly to keep the benchmark federal funds rates unchanged in its existing range of 3.5 percent to 3.75 percent.
The central bank, according to the Summary of Economic Projections, is still penciling in a single quarter-point rate cut sometime this year.
Investors largely agreed that the Fed would follow through with further monetary policy loosening.
However, futures market data suggest traders are increasingly betting on a rate hike, the first since the current easing cycle began almost two years ago….
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