The Federal Reserve is widely expected to leave interest rates unchanged when policymakers conclude their two-day meeting on Wednesday, even as stubborn inflation and renewed energy market volatility keep pressure on the central bank to tighten policy later this year.
Financial markets have largely priced in no change to the federal funds rate this week, but expectations for a September increase have strengthened in recent weeks as inflation remains above the Fed's long-standing 2% target and policymakers continue signaling concern over persistent price pressures.
