What to Watch as the Fed Meets [The New York Times]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: The New York Times
Federal Reserve officials are expected to leave interest rates unchanged on Wednesday, but investors and economists will be carefully watching for any hints about when policymakers could begin cutting borrowing costs.Central bankers have held rates at 5.3 percent since July after a rapid series of increases starting in early 2022. Policymakers came into expecting to lower rates several times, but inflation has proved surprisingly stubborn, delaying those reductions.At the conclusion of their two-day meeting on Wednesday, Fed officials will release economic projections for the first time since March, updating how many rate cuts they expect this year. Policymakers could predict two reductions before the end of the year, economists think, down from three previously. There is even a small chance that officials could project just one rate cut.Regardless, central bankers are likely to remain coy about an important question: Just when will they begin lowering borrowing costs? Policymakers a
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