Fed set to keep interest rates unchanged, weigh future hikes

The Federal Reserve is expected to hold interest rates in a range on 5.25%-5.50% at the conclusion of its meeting on Wednesday, though possibly keep the door open to further rate hikes in the coming months.

The Fed in July raised rates to a 22-year high as it continued the most aggressive rate-hiking campaign in four decades. Its updated economic forecasts released in September suggested one additional rate hike would be needed this year to bring inflation back to its 2% target.

The Fed will…