Fed Rate Hike Expected Members of the Federal Reserve's Open Market committee begin a two-day meeting in Washington. Analysts predict the Fed will raise a key interest rate, as a report finding strong consumer spending raises fears about inflation. Hear NPR's Renee Montagne and David Wessel of The Wall Street Journal.

Fed Watchers Wait for Interest Rate Hike

Fed Rate Hike Expected

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Members of the Federal Reserve's Open Market committee begin a two-day meeting in Washington. Analysts predict the Fed will raise a key interest rate, as a report finding strong consumer spending raises fears about inflation. Hear NPR's Renee Montagne and David Wessel of The Wall Street Journal.