World Economy

Fed May Keep Rates Steady

Fed May Keep Rates SteadyFed May Keep Rates Steady

With the Federal Reserve considered sure to leave interest rates alone when it ends a meeting Wednesday, Fed watchers will be seeking clues to the timing of future moves, AP reported. The central bank will release a policy statement and update its forecasts for the economy and interest rates. For weeks, the Fed had been expected to consider raising rates at its June meeting. That view was encouraged by the minutes of its most recent meeting in April. The minutes suggested that a rate hike was likely if hiring and economic growth strengthened and inflation showed signs of accelerating toward the Fed’s 2% target rate.