(Bloomberg) — Chairwoman Janet Yellen’s Federal Reserve wraps up a two-day meeting on Wednesday in Washington. Officials are expected to debate whether the economy can handle another interest-rate increase after they hiked in December for the first time in almost a decade.
The Fed OMC deliberations come as the central bank receives conflicting signals about the economy’s strength: A comprehensively weak May jobs report contrasts with strong spending. Economists and investors don’t expect a rate increase this week, and will look to the Fed’s statement, quarterly economic projections and Yellen’s press conference for hints at future timing and pace.
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