As FOMC meets, rising oil prices may push the Fed toward rate hikes this year instead of cuts, as inflation risks grow and economic outlook worsens.
Stocks rose for a second straight day. Plus, Jerome Powell is set for his penultimate meeting as Fed chair.
The Federal Reserve is expected to deliver a "hawkish hold." The Summary of Economic Projections (SEP) is anticipated to show higher inflation forecasts and a risk that the one expected 2026 rate cut ...