Will the Fed Keep Hiking Rates?

The Federal Reserve Board will announce whether it will continue to hike interest rates at 2:30 p.m.

Axios: “There’s never been a Federal Reserve interest-rate decision quite like this, with the central bank facing public criticism from the president and a whipsawing stock market.”

Financial Times: “Fed officials have signaled they will boost rates by a quarter point at the meeting, and holding fire would look skittish, according to analysts and strategists. It would send a markedly downbeat signal about the economic outlook; it might indicate the Fed is overly influenced by market turbulence; and it would trigger claims that the president is influencing policy.”