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Fed to mull weak inflation but no policy move

Shoppers preparing for the impending winter storm wait in line at an Acme Supermarket on January 22, 2016 in Cape May County, New JerseyWeak inflation is expected to be the key topic when the Federal Reserve opens a two-day monetary policy meeting Tuesday, its first since its historic interest rate rise in December. Coming less than a week after the European Central Bank signaled it could expand stimulus measures in March if inflation slows further, the Fed is not expected to take any policy action. With its first interest rate increase in over nine years in place for just six weeks, the Federal Open Market Committee, the Fed’s policy board, will continue to study how it impacts the US and global economies.

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