Investors won’t have to wait much longer to find out where the Fed stands on interest rates.
The FOMC announcement comes at 2:15 p.m. New York time (and you can see it live on cnbc.com). It's widely expected that interest rates will hold steady at 5.25% for the fourth consecutive time. More important will be clues the central bank gives about its intentions for next year.
CNBC’s Steve Liesman previewed what The Fed will likely say, with Laurence Meyer, Former Governor Of The Federal Reserve. He’s currently Vice Chairman Of Macroeconomic Advisers.