When the Federal Reserve wraps up its meeting today, the central bank is expected to announce that it will begin to wind down one of its biggest and most unprecedented market interventions undertaken in the wake of the pandemic. Wall Street, meanwhile, will be listening to hear what Fed Chairman Jerome Powell has to say about the stubbornly persistent inflation that is beginning to create interest rate anxiety on Wall Street.
“They’ll definitely talk about inflation pressures that have become more sticky,” said said Keith Buchanan, portfolio manager at Globalt Investments.