The Federal Reserve is almost certain to keep its policy rate unchanged on Wednesday as the US economy finally appears to be losing some steam and inflation is coming under control. Chair Powell has set the bar high for raising rates again, while investors have gone a step further and completely priced out any chance of additional tightening. The focus therefore on Wednesday will be how soon the Fed will start lowering rates, specifically how many rate cuts do FOMC members foresee in the updated dot plot that’s due the same day. In the last dot plot, policymakers were projecting that rates would end 2024 at ... (full story)