The Fed: What’s next for the Fed? Wall Street to sift for clues in recap of last FOMC get-together

Federal Reserve Chairman Jerome Powell and his colleagues are unsure about their next step. Investors hope to get some clues from the summary of the central bank’s last big meeting in May.

Is the Federal Reserve inching closer to cutting U.S. interest rates? And how long will the central bank continue to tolerate low inflation? Wall Street hopes to glean answers to these questions and more when a summary of the Fed’s last big meeting is made public.

The Fed’s decision-making arm, known as the Federal Open Market Committee, or FOMC, kept a freeze on a key U.S. interest rate in early May.

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