The Federal Reserve is widely expected to keep interest rates unchanged on Wednesday. Investors and economists will closely examine its policy statement for clues about the next move and the central bank's assessment of persistent inflation pressures.
According to the Associated Press (AP), the Federal Open Market Committee's October 27-28 meeting comes amid rising consumer costs, elevated mortgage rates and renewed questions about the Federal Reserve's independence under Chairman Kevin Warsh, who was appointed by President Donald Trump earlier this year.
