Economists expect the Fed will stand pat, keeping the short-term interest rate it controls between 0.25 percent and 0.5 percent. That's just a quarter-point above the record low of nearly zero, where it stood for seven years until the Fed boosted it last December.
At the time, it forecast four additional rate increases this year. But gyrating stock markets,
Still, analysts hope to glean additional insights into Yellen's thinking regarding the economy's sluggish growth and last month's downshift in hiring.
Stocks are higher on
Most economists expect the Fed to leave rates unchanged. They think policymakers want more time to evaluate the health of the
The Dow Jones industrial average added 82 points, or 0.5 percent, to 18,211. The