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With rate hike in the bag, focus turns to Fed's policy language

Reuters  |  WASHINGTON 

By Howard SchneiderWASHINGTON (Reuters) - With the Federal Reserve virtually guaranteed to raise interest rates this week, investors are focused on how the U.S. central bank characterizes its monetary policy as borrowing costs return to more normal levels amid an ongoing economic expansion.In what could be the most consequential rewrite of its policy statement in two-and-a-half years, the Fed may signal how close it is to stopping its rate hike cycle, whether faster economic growth warrants ramping up the pace of tightening, and if it feels the era of loose money is, in effect, over.The ...

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First Published: Tue, June 12 2018. 16:40 IST
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