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IPFS News Link • Federal Reserve

THE FED MEETS: Here are the key passages to watch for in Wednesday's statement

• by Pedro Nicolaci da Costa

The Fed has described job gains as "strong" in recent months but a softer trend is definitely perceptible in the data.

Wall Street will be looking for any nod to firmer inflation for potential hints of more rapid rate rises.

The Federal Reserve isn't expected to take action on interest rates at its policy meeting Wednesday — but that won't prevent traders from pouring over each line of the central bank's policy statement for clues into the quantity and speed of future interest rate increases.