The Federal Reserve is expected to increase interest rates when it concludes its two-day policy meeting in Washington later Wednesday.
The U.S. central bank is widely expected to raise interest rates by a quarter of a percentage point to 2.25%, in what would be its third rate hike of the year.
With a rate hike all but locked in, the Fed’s statement released at 2:00 PM ET (18:00 GMT) will be the main focus of the day. Fed Chairman Jerome Powell will give his press conference at 2:30 PM ET.