The will release its newest policy statement on Wednesday afternoon, Sports News and is expected to hike its key interest rate by three-quarters of a percentage point to battle high .
As economic growth sputters, the central bank is caught in an awkward dance as it attempts to tamp down inflation with higher rates without tipping the country into a recession.
Markets will be carefully watching Fed Chair Jerome Powell’s press conference at 2.30pm for World News signs of how aggressive the central bank is prepared to move against inflation at its next meeting in September.
A three-quarter point hike would bring the U.S.central bank to a mile marker of sorts as it reaches a level of around 2.4 percent that is estimated to no longer encourage economic activity.
The Federal Reserve will release its newest policy statement on Wednesday afternoon, and is expected to hike its key interest rate by 0.