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FED: MNI's Jean Yung said in a preview that the FOMC today is "expected to raise
FFR target range to 1.25% to 1.50%; also said its "2018 rates forecast could be
revised to four hikes If Three dots move above 2.25%."
- "With an interest rate increase all but locked," "investors are shifting their
attention to how Federal Reserve officials will judge the implication of tax
cuts on inflation and growth over the next few years -- beginning with whether
policymakers will nudge the number of anticipated 2018 hikes to four," she said.
For more please see MNI Main Wire FOMC/Preview repeated at 7:16am ET.