Fed Faces Unpredictable Meeting Amid Inflation Fears and Oil Price Volatility

The Federal Reserve is set to make its next interest rate decision, but uncertainty and renewed inflation fears are complicating matters.

Most analysts expect the Fed to keep rates steady again at this week's meeting, but concerns about another oil shock and stubborn inflation have increased the chances of a surprise increase.

New Fed chair Kevin Warsh has taken a deliberately vague approach to signaling how the Fed is reading the economy and what direction policy may move. Unlike recent Fed chairs who frequently telegraphed their outlook toward policy, Warsh has given few clear signals about his view of the economy.