Fed Forecasters Gear Up for High-Stakes Interest Rate Call

The Federal Reserve is set to make an interest-rate decision on Wednesday, and experts are bracing for what could be one of the most difficult calls in years. The Bloomberg survey of over 100 forecasters has nearly unanimous expectations that policymakers will stand pat.

However, this near-unanimity masks the complexity of the situation. For many, if not most, economists, this decision is a high-stakes call with significant implications for the economy and financial markets.