The Federal Reserve is widely expected to leave US interest rates steady on Wednesday but the central bank should offer investors insight on the likely path ahead.
Policymakers on the Federal Open Market Committee have indicated they do not expect to raise interest rates at the conclusion of the two-day meeting. That would mark the second consecutive pause in interest rates since the Fed lifted rates to a range of 5.25 per cent to 5 per cent in July. Traders in the futures market are only pricing in a 2 per cent chance of a quarter percentage point increase.
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