Will the Fed Offer Clues About Rate Increases? Here’s What to Watch

[ad_1] Here is what to watch for on Wednesday afternoon. Are officials feeling pressure on inflation? Data released on Monday showed that wages and prices are now growing at 2 percent a year, according to the Fed’s preferred inflation measure, the personal consumption expenditures price index. Excluding volatile food and energy prices, the rate is 1.9 percent. Those levels are important because they indicate inflation is finally reaching the 2 percent level that the Fed has explicitly targeted, after six years of failing to meet that …