clear
Tuesday October 23rd, 2018 6:40PM

The Latest: Markets steady ahead of Fed rate announcement

By The Associated Press
Related Articles
  Contact Editor

WASHINGTON (AP) — The Latest on the Federal Reserve policy meeting (all times local):

4:50 a.m.

Financial markets are steady as investors look ahead to an expected interest rate increase from the Federal Reserve later Wednesday.

Dow and S&P 500 futures are flat and European indexes are mixed. Britain's FTSE 100 is down 0.1 percent and France's CAC 40 is 0.2 percent higher.

While traders widely expect the quarter point rate increase, they will be paying close attention to a news conference by Fed Chair Jerome Powell for hints on whether the central bank might accelerate the pace of rate hikes in coming months.

The U.S. economy is adding jobs at a strong pace and inflation has risen, leading some economists to think that the Fed will indicate that it may raise rates four times this year, up from its current forecast of three hikes.

___

12:05 a.m.

The Federal Reserve is set to modestly raise its key short-term interest rate on Wednesday for the second time this year. But attention will be focused mainly on any hints that the Fed might accelerate its rate hikes in the coming months.

Some economists think the Fed will signal that it expects to raise rates four times this year, up from its current projection of three hikes. Others believe the central bank will stick with its projection of three rate increases, partly out of concern that rising trade tensions triggered by President Donald Trump's aggressive policies might slow global growth.

The policymakers will reveal their action in a policy statement and in updated economic forecasts, followed by a news conference by Chairman Jerome Powell.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Financial Markets, AP Business - Industries, AP Business - Financial Services
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Iran deal comparisons cloud Trump's North Korea summit
Trump's proclamations of historic success at his unprecedented summit with North Korean leader Kim Jong Un have drawn unflattering comparisons to his rejection of the Iran nuclear deal
5:01AM ( 14 minutes ago )
The Latest: Markets steady ahead of Fed rate announcement
Financial markets are steady as investors look ahead to an expected interest rate increase from the Federal Reserve later Wednesday
4:51AM ( 24 minutes ago )
Saudi-led forces begin assault on Yemen port city of Hodeida
A Saudi-led coalition backing Yemen's exiled government has begun an assault on Yemen's port city of Hodeida
4:51AM ( 25 minutes ago )
Associated Press (AP)
Asian shares drop as eyes turn to central bank meetings
Asian stocks fall slightly after a muted market response to the Trump-Kim summit
3:14AM ( 2 hours ago )
Legal pimp defeats Nevada lawmaker in GOP primary race
The owner of half a dozen legal brothels in Nevada has ousted a Republican state lawmaker running for re-election
3:03AM ( 2 hours ago )
AT&T antitrust win may herald a new wave of media mergers
AT&T antitrust win may herald a new wave of media mergers
2:39AM ( 2 hours ago )
AP Business
Federal judge approves AT&T-Time Warner merger
Federal judge approves AT&T-Time Warner merger, potentially ushering in a new era of media mega-mergers
8:53PM ( 8 hours ago )
The Latest: Other mega-media deals could still face scrutiny
One expert warns that other mega-media deals will still face regulatory concerns despite AT&T's clearance to take over Time Warner.
6:13PM ( 11 hours ago )
Stocks mostly rise following Trump-Kim summit
U.S. and global stock markets mostly rose Tuesday as investors reacted calmly to the outcome of a meeting between President Donald Trump and North Korean leader Kim Jong Un.
5:46PM ( 11 hours ago )
AP Business - Economy
World stock markets mixed after Trump-Kim summit
Global stock markets are mixed as investors digest the summit between U.S. President Donald Trump and North Korean leader Kim Jong Un
6:57AM ( 22 hours ago )
Asian shares higher, Europe mixed after Trump-Kim summit
Asian shares are mostly higher but Europe is opening mixed as market players tried to digest the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore
4:38AM ( 1 day ago )
Asian shares mostly higher with all eyes on Trump-Kim summit
Asian shares are mostly higher as market players try to digest the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore
3:22AM ( 1 day ago )
AP Business - Financial Markets
Energy regulators: No immediate threat to power grid
Federal regulators dispute Trump administration's claim that struggles facing the coal and nuclear industries threaten the reliability of the power grid
2:53PM ( 14 hours ago )
Senate panel approves nominations for 2 Fed board seats
Senate panel approves Trump nominations for two Fed board seats including vice chairman
12:03PM ( 17 hours ago )
European Central Bank to weigh end to stimulus program
The European Central Bank could signal readiness to end its bond-purchase stimulus at Thursday's meeting of its 25-member governing council, with analysts pointing to the end of the year as a likely final exit date
7:58AM ( 21 hours ago )
AP Business - Industries
Justice Department move on health law has risks for GOP
GOP risks political fallout from Justice Department's move on health law protections for pre-existing conditions
8:38AM ( 3 days ago )
GOP risks fallout from Justice Department move on health law
GOP risks political fallout from Justice Department's move on health law protections for pre-existing conditions
4:54PM ( 4 days ago )
IMF: Argentina's targets possible but require commitment
The International Monetary Fund says Argentina's fiscal targets set as part of a $50 billion deal with the IMF are possible but will require commitment by the South American country
4:35PM ( 4 days ago )
AP Business - Financial Services
Iran deal comparisons cloud Trump's North Korea summit
Trump's proclamations of historic success at his unprecedented summit with North Korean leader Kim Jong Un have drawn unflattering comparisons to his rejection of the Iran nuclear deal
5:01AM ( 14 minutes ago )
Saudi-led forces begin assault on Yemen port city of Hodeida
A Saudi-led coalition backing Yemen's exiled government has begun an assault on Yemen's port city of Hodeida
4:51AM ( 25 minutes ago )
The Latest: Rescue ship should reach Spanish port Wednesday
The co-founder of the SOS Mediterranee charity says three ships carrying 629 migrants are expected to arrive around Saturday night at the Spanish port of Valencia, depending on weather conditions
4:48AM ( 28 minutes ago )
The Latest: 932 migrants reach Sicily as 2nd ship sails on
Italy's coast guard says its ship Diciotti has brought 932 migrants to shore in Catania, Sicily, as a diplomatic standoff continues over Italy's refusal to let another rescue ship dock
4:42AM ( 33 minutes ago )
Dennis Hof, Nevada's most famous pimp, wins GOP primary
The owner of half a dozen legal brothels in Nevada has ousted a Republican state lawmaker running for re-election
3:52AM ( 1 hour ago )