Financial markets will be focused on the Wednesday FOMC meeting. It will be the first for new Chairman Powell, as well as his first press conference. The Fed is expected to raise managed rates by 25 basis points but the focal points will be the language in the statement and the tone of the Chairman. Investors will be looking for any signal the Fed will change its current guidance of three rate increases this year.

The signal would come from a change in the Fed’s economic and inflation forecast from December or from a change in the language in the statement following the meeting…

ProBank Austin Advisor – March 19, 2018