Financial markets awaiting any Fed signal on rates

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

WASHINGTON (AP) — The presence or absence of two key words could signal investors Wednesday on the Federal Reserve's interest rate plans.

The Fed will issue a statement after wrapping up a two-day meeting and the phrase that investors will be alert for is "considerable time" as they search for clues about the timetable for a change in a key short-term rate. The Fed has kept that rate at a record low since December 2008.

Since March, the Fed has said it expects to keep this rate near zero for a "considerable time" after it stops buying Treasurys and mortgage bonds. Those purchases are set to end in November.

It could sub out that phrase in this week's statement. Or it could wait until its next meeting in October.

Fed Chair Janet Yellen will also be pressed when she meets with reporters later to clarify the Fed's intentions.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast