Fed May Retain Bias to Hike Interest Rates: Decision-Day Guide

Federal Reserve Chairman Jerome Powell says the central bank has no bias in whether its next move is up or down, but his colleagues may deliver a more hawkish message.

The Federal Open Market Committee is likely to forecast one interest-rate increase for this year, down from two in December’s projection, plus one more hike in 2020 -- though it’s a close call, according to economists surveyed by Bloomberg.