Fed watchers seek hints about future rates amid likely hike

FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. The Federal Reserve will surprise no one if it does Wednesday, Sept. 26, what it’s poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check, and signal that another hike is likely in December. (AP Photo/Jose Luis Magana, File)

WASHINGTON — The Federal Reserve will surprise no one if it does Wednesday what it seems poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check — and hint that another hike is likely in December.

What Fed watchers will really be seeking is any sign of whether the central bank might slow its rate hikes in the months ahead. Many analysts expect the economy to weaken next year, in part from the effects of the trade conflicts President Donald Trump has pursued with China, Canada and Europe.

An economic slowdown would likely lead the Fed to throttle back on its rate increases to avoid stifling growth.

Must Read

10 Things to Know for Thursday

Aug 11, 2016

Among 10 Things to Know: Criticism may be slowing Trump train; 'Grim Sleeper' sent to death row; versatile ESPN sportscaster dies at 61

If Trump can't get along with GOP, how will he govern?

Aug 9, 2016

Beyond the political fallout from Donald Trump's rocky relationship with party elders lies a fundamental reality: Should he win the presidency, the brash billionaire will have to work closely with the same GOP leaders he vilified on the campaign trail

RNC hires strategists to help woo African-American voters

Aug 9, 2016

The Republican National Committee has hired three new strategists to help increase its outreach to black voters, including Ashley D. Bell as its new senior strategist and national director of African-American engagement

People also read these

'American Crime Story' writers focusing on Hurricane Katrina

Aug 10, 2016

An executive producer behind 'American Crime Story,' the anthology series for FX, says they're taking 'great care' with casting of the season which will focus on Hurricane Katrina

House Speaker Paul Ryan wins GOP nomination to run again

Aug 10, 2016

House Speaker Paul Ryan has defeated a longshot Republican primary challenger who had been praised by Donald Trump

UN bungles response to Africa's yellow fever outbreak

Aug 5, 2016

An AP investigation finds that 1 million doses of yellow fever vaccines vanished in Angola as the World Health Organization's response lagged for months

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH