What To Expect From FED’s Policy Meeting Today At 1800 (GMT)

he Federal Reserve kicks off its two-day policy meeting today, at which it is not expected to take action on interest rates, though it could point the markets toward the rate hike widely expected in December.

The policy meeting takes place just days before President Donald Trump names a new Fed chair on Thursday to replace Janet Yellen when her term ends in February, with sources saying the pick is going to be current Fed Governor Jerome Powell.

Powell is seen as being more dovish on monetary policy than other contenders for the post, especially compared to Stanford University economist John Taylor, who has been regarded as another top challenger for the position.

Source: Bloomberg Pro Terminal

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