How high will Fed hike rates before pausing for a breather, ask investors

Market participants have a burning question for the Federal Reserve: How high will policy makers hike interest rates before pausing for a breather?

Meeting minutes set for release at 2 p.m. Wednesday in Washington are unlikely to offer answers, but they may drop a few hints about how officials are thinking.

At its Sept. 25-26 gathering, the policy-setting Federal Open Market Committee raised interest rates and scrapped its description of the monetary stance as “accommodative.” Since then, Chairman Jerome Powell and New York Fed President John Williams have each delivered public remarks multiple times, and their colleagues have popped up