Rate Hike Expected, Trump Uncertainty Remains
All ears on the chair. Experts predict Federal Reserve chief Janet Yellen will announce a rate increase today, now that the economy’s chugging along with unemployment at a nine-year low. The real question as the Fed concludes its two-day policy meeting is where do members see the economy going under a Donald Trump presidency? Will next year see the two anticipated rate hikes, or more? Global markets are cautious as they await the news, with European stocks, oil and the dollar declining as gold and government bonds climb.