The Federal Reserve is expected to raise interest rates by just a quarter point, but the central bank will also likely signal it will stay vigilant in its fight against inflation even as it reduces the size of its hikes. The Fed releases its latest rate decision Wednesday at 2 p.m. ET, and Fed Chairman Jerome Powell briefs the media at 2:30 p.m. The expected quarter point hike follows a half percentage point increase in December and would be the smallest increase in the federal funds target rate range since the Fed’s first hike of the cycle in March 2022.
Source: CNBC – Bonds
