Fed wants to hold rates steady
On Wednesday, the Fed is expected to keep its interest rates intact. The US number one bank is also supposed to give a clear sign if it’s still going to surge rates twice this year amid worries regarding another US hiring slowdown as well as the UK’s probable exit from the EU.
In December, the Fed dared to raise its major overnight lending rate for the first time for almost a decade, though this year it has renounced from further monetary policy tightening this year mostly because of a global economic downtime as well as financial market volatility.
The Federal Reserve is scheduled to release its fresh monetary policy statement along with updated economic projections, following a two-day gathering. Moreover, Janet Yellen, Fed Chair is going to give a news conference a bit later.
The Fed's overnight lending rate is supposed to remain intact. To be exact, it’s expected to fluctuated within the range of 0.25%-0.50%.
Additionally, Yellen has recently warned that the UK’s exit from the EU could affect the British economy.