Top Stories
Top Stories
Market Insider

Patient or not? Fed rate suspense peaking

VIDEO1:5501:55
Why the Fed is losing 'patience'

The long-awaited statement from the Federal Reserve expected on Wednesday will settle the burning investor question of whether or not "patient" remains in the text. A change in the keyword could shed light on when rates might rise for the first time in nearly a decade.

Most analysts believe employment data indicate an improving economy and provide impetus for a rate hike this year.

"Payrolls data has continued to chug along quite well," said Bill Stone, chief investment officer at PNC Wealth Management. His firm expects a rate hike in July as it sees the recent softness in economic data as due partly to the harsh winter and the "the normal ebb and flow of economies."