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Fed still expects to cut rates once this year despite spiking oil prices
The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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cnbc.com
Fed to still cut rates this year, even as high oil prices spark an uptick in inflation: CNBC Fed Survey
The 32 respondents, including fund managers, analysts and economists, see oil prices on average at $88 a barrel six months from now.
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Fed meeting live updates: Spiking oil and inflation angst complicates central bank's rate outlook
The Federal Reserve is expected to keep its key interest rate at the target range of 3.5% to 3.75%. Traders will be listening closely for next steps on policy.
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bbc.com
Federal Reserve holds interest rates as Iran war triggers oil shock
The US central bank is moving cautiously, despite pressure from the president to cut interest rates.
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Fed still expects to cut rates once this year despite spiking oil prices
The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.