Fed conflicted by tepid U.S. inflation, global economic rebound

Caught between a lull in U.S. inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly. The U.S. central bank’s description of inflation in its policy ...

Fed conflicted by tepid U.S. inflation, global economic rebound