WASHINGTON — Policy guidance from the Federal Reserve’s rate-setting Federal Open Market Committee next Wednesday is likely to remain unchanged following its two-day meeting, with many Fed watchers focusing on members’ economic and interest rate projections for any hints of a shift in their outlook for the economy.
The FOMC will meet April 24-25 in Washington, D.C., after which — in addition to the usual statement — the Federal Reserve will release participants’ economic forecasts and expectations for the future path of the federal funds rate.
Wells Fargo chief economist John Silvia said he does not see Fed officials changing much at the meeting, as it appears “things are going their way,” albeit not at the pace officials would prefer.
The outlook is for moderate economic growth, consistent with the FOMC’s view, and inflation within their target.
