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Fed Rate Hike Debate to Intensify

FOMC is not expected to raise rates this week, but tomorrow's statement may signal when the next rate hike will occur.

By Matthew Boesler and Steve Matthews, Bloomberg | Updated on July 26, 2016

The debate over interest-rate increases is set to intensify at this week’s meeting of Federal Reserve policy makers, even if it is not expected to yield a clear signal on the timing of the next move.

A statement to be published Wednesday at 2 p.m. in Washington at the conclusion of the rate-setting Federal Open Market Committee’s (FOMC’s) two-day gathering will probably acknowledge better news on the economy since the last meeting in mid-June. But it is expected to fall short of telegraphing that a hike is right around the corner, and there is no post-meeting press conference with Fed Chair Janet Yellen to drop further clues.

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