Here Is What to Expect From the Federal Reserve's December Statement
The Fed is widely expected to announce a hike to short-term interest rates on Wednesday, but the central bank's rate hike forecast for 2017 is more important for the markets.
The Federal Reserve is widely expected to announce a hike to short-term interest rates on Wednesday, but the central bank's rate hike forecast for 2017 is more important for the markets, according to one expert. "What the markets don't want is the pace of tightening to rise to the point where it actually threatens the economy," said Craig Erlam, a senior market analyst at Oanda, based in London. Chair Janet Yellen will also hold a press conference on Wednesday. TheStreet's Scott Gamm reports from Wall Street.
