- The expected rate hike would come roughly a week after a higher-than-expected inflation report.
- The Dow Jones Industrial Average slip roughly 300 point Tuesday, ahead of the expected interest-rate increase.
- The Fed has impose a series of aggressive interest rate hikes in recent months – in attempt to lower prices by slowing the economy and consumer demand.
- Many economists expect another 0.75% hike Wednesday, with some predicted as much as a 1% increase, which the Fed has not done in four decades.