A police officer keeps watch in front of the U.S. Federal Reserve in Washington October 12, 2016. REUTERS/Kevin Lamarque

A police officer keeps watch in front of the U.S. Federal Reserve in Washington October 12, 2016. REUTERS/Kevin Lamarque (Copyright Reuters 2016)

Fed Expected to Hold Rates Steady

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The U.S. Federal Reserve resumed its two-day policy meeting on Wednesday and was expected to keep interest rates unchanged while setting the stage for a hike in December.

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Policymakers on the rate-setting Federal Open Market Committee reconvened at 9 am ET, an official said. A decision on monetary policy was due later on Wednesday at 2 pm ET.

(Reporting by Jason Lange; Editing by Chizu Nomiyama)

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