Posted: Sep 23, 2009 8:14 AM by Associated Press
The hot topic among investors and economists is when, not whether the Federal Reserve will raise interest rates to check inflation -- but it's not likely to happen today.
The Fed concludes its two-day meeting on monetary policy with analysts expecting no change. The Federal Open Market Committee is widely expected to keep rates at their record low of near zero for the time being. But the statement accompanying the decision will be heavily scrutinized to determine how strong the policy group believes the economy is recovering and when a rate change might come.
And to avoid unleashing inflation later, policymakers are likely to consider ways to rein in programs designed to keep mortgage rates down and get banks to lend more freely.