Market Snapshot
Economy and markets are perched on a ‘knife’s-edge moment’ ahead of expected Fed rate hike
Federal Reserve Chair Jerome Powell and fellow policy makers meet this week.
MarketWatch photo illustration/Getty Images, iStockphoto
Multiple risks are raising the stakes in financial markets and for the U.S. economy as Federal Reserve policy makers prepare to gather this week.The Fed is widely expected to deliver a quarter-of-a-percentage point interest rate hike when its meeting concludes on Wednesday. The most crucial question facing investors is whether policy makers subsequently show a willingness to hold off on further rate rises in order to assess the damage from their year-long campaign to lower inflation.
If they do pause, it may be time for investors…
