– U.S. stocks were little changed on Wednesday, ahead of a widely expected interest rate hike by the Federal Reserve, with focus on its guidance on the economy and monetary policy.
With the 25 basis point rate hike almost certain, market participants will parse the central bank’s statement for clues on whether it will raise rates three or four times in 2018. The announcement is due at 2:00 p.m. ET.
“The uncertainty is whether or not the Fed talks about some of the political stuff going on in D.C. and concerns about trade,” said Willie Delwiche, investment strategist at Robert W. Baird in Milwaukee.