Fed Policy Preview News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting ending Wednesday, a 22-year high first reached in July. The rate decision and an accompanying statement will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.

FOMC meet: Japanese brokerage Nomura said Fed officials appear content to let higher long-term yields serve as a substitute for further rate hikes.