Market Insider

Fed meeting could bring more volatility than expected

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

No matter how much it tries to avoid it, the Fed could get markets spinning on a fresh round of rate hike speculation Wednesday.

The Federal Open Market Committee ends its two-day meeting Wednesday afternoon, and is expected to release a statement that should be short on clues as to when the central bank could raise interest rates. The meeting should also be the last in a while where a Fed rate increase is not seen as at least a possibility.

Fed watchers surveyed by CNBC expect a rate hike in September, by a very thin margin. The next likely date is December, but there is also an October meeting, viewed as unlikely since the Fed does not have a scheduled press conference after it.