The Federal Reserve will likely work to prepare markets for the start of interest rate increases by upgrading how it describes the job market in the policy statement to be released at the end of its monetary policy meeting Wednesday, economists say.
The forecasters believe that to tee up a widely expected March increase in the now near-zero federal-funds rate target range, the Federal Open Market Committee policy statement will likely move to say that the economy has achieved full employment. In the last FOMC statement from…
