Fed meeting, bank CEOs on the Hill and more: Wednesday's 5 things to know
Market expert: Use ‘caution’ in Tuesday’s market when buying dips
Potomac Wealth Advisors founder and president Mark Avallone says the market needs clarity from the Fed, earnings reports and inflation.
Here are the key events taking place on Wednesday that could impact trading.
THE FED: The central bank is expected to raise interest rates in the afternoon following the latest policy meeting.
It is expected to sharply raise its key short-term rate — a third straight three-quarter-point hike is likely to be announced – its previous rate hikes are being felt by households across the economy.
The Fed's latest move is expected to raise its benchmark rate to a range of 3% to 3.25%, the highest level in 14 years.
FED LIKELY TO DELIVER MORE ECONOMIC 'PAIN' WITH ANOTHER SIGNIFICANT INTEREST RATE HIKE