In an economic environment in the throes of an evident recovery for several quarters, actions by the U.S. Federal Reserve to raise interest rates seem to be the remaining link in a seeming undeniable chain of growth.
But one economist thinks the much anticipated pronouncement will not stem from this week's two-day Federal Open Market Committee meeting. In fact, a rise in rates of any kind may still be months away.
"My expectation is that the Fed will stay the course at this meeting and retain the phrase about being patient when it comes to raising interest rates," Greg McBride, chief financial analyst for Bankrate.com, said.
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