Indecisive Fed expected to again hold rates steady

Most observers do not expect the Federal Open Markets Committee, which sets monetary policy, to raise the crucial federal funds rate when they meetIndecision is certainly not the habit of Federal Reserve policy makers. Most observers do not expect the Federal Open Markets Committee, which sets monetary policy, to raise the crucial federal funds rate when they meet on Tuesday and Wednesday in Washington. “I think it’s very plausible you’ll see zero” change, said Dean Baker, co-founder of the Center for Economic and Policy Research.

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