The Federal Reserve is widely expected to raise interest rates at the conclusion of Wednesday’s meeting. Fed-funds futures put the probability at 95% that the central bank will lift borrowing costs by one-quarter-percentage point for the third time this year, according to data from CME Group. The central bank’s path for 2019 and beyond is less clear. Officials in June penciled in two more rate increases this year, three in 2019 and one more increase in 2020. Something new that economists will be monitoring is the rate projection...

Source: Wall Street Journal September 26, 2018 12:00 UTC