
It’s deja vu all over again: The Federal Reserve is expected to take no action on interest rates at its monthly meeting on Wednesday, leaving them perched at a 23-year high as the market ponders when the cutting will commence. If that scenario plays out, the central bank’s key short-term rate will remain at 5.25% to 5.5%, where it has sat since July. • The Fed’s decision will be announced at 2:00 p.m. ET today. • Fed Chair Jerome Powell is expected to speak at 2:30 p.m. ET, following the...