Federal Reserve Expected To Raise Interest Rates To Ease Inflation

Officials are expected to announce a quarter-percentage point rate hike, up from zero. But it's not clear how many increases could take place after.

The Federal Reserve is expected to raise interest rates for the first time since the pandemic began.  

It's also expected to provide an outlook on the rest of the economy, as inflation remains high and the war in Ukraine continues.  

Over two years in, the Fed is ready to rein in financial relief it provided during the pandemic.