The Federal Reserve’s decision on interest rates will be the main headline from Wednesday’s meeting, but investors are primarily looking for evidence that Chair Kevin Warsh can communicate the central bank’s strategy effectively. Analysts want to know whether September’s hot inflation readings represent a game-changing development. They will also watch for the criteria the Fed will use to assess the timing and pace of subsequent rate hikes. Warsh’s press conference will be closely scrutinized after more than five years of inflation above the 2% target.
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