Market Insider

Fed statement may bring more volatility than expected

Wall Street awaits Fed, snaps losing streak

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.