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COMING UP:Share Opener Variant 1



>> Amid ongoing NAFTA negotiations, a UN speech that roiled oil markets->> OPEC->> And an escalating trade war between the US and China, investors on Wednesday are hyper-focused on the US Federal Reserve, and a meeting that could mark the official end of its accommodative monetary policy. The US Central Bank is widely expected to again raise interest rates at its meeting.
Reuters financial markets editor Dan Burns explains.>> This meeting of Fed policymakers is important because over the last many weeks, there's been a change in tone from some key decision makers within the Fed. That have indicated they're willing now to push rates higher, and for a longer time than the market had been expecting.
The economy's doing very well. Inflation is getting back up to their target, and unemployment is around a two-decade low. So there is no longer a need for them to feel they have to provide accommodative interest rate policy. So one of the big things we're looking for from the meeting is that in the statement issued after we expect them actually remove that word accommodative.
Which is a signal that after a decade following the financial crisis now, we're a point it doesn't need to be accommodative anymore.>> That means the Fed's interest rate policy could get a bit more restrictive in the next year or two. And President Trump has said he's not thrilled about that, saying interest rate hikes could put the US at a disadvantage, while other central banks keep their monetary policy loose.
Fed Chairman Jerome Powell, who Trump named to lead the US Central Bank earlier this year, will announce the Feds policy outlet for 2019 and beyond at a press conference later on Wednesday.