Fed meeting live updates: Spiking oil and inflation angst complicates central bank's rate outlook

The Federal Reserve is expected to keep its policy rate at the 3.50%–3.75% target range. Markets are positioned for a hold, and traders will be focused on Fed language for guidance on the timing and magnitude of any future rate moves that could drive yields and risk asset flows.

Analysis

The Federal Reserve is expected to keep its policy rate at the 3.50%–3.75% target range. Markets are positioned for a hold, and traders will be focused on Fed language for guidance on the timing and magnitude of any future rate moves that could drive yields and risk asset flows.