The daily business briefing: June 13, 2017

The Fed starts two-day meeting expected to end with rate hike, Megyn Kelly loses advertiser over controversial show, and more

Megyn Kelly in Washington
(Image credit: Getty Images)

1. Fed starts two-day meeting expected to end with rate hike

Federal Reserve policy makers start a two-day meeting on Tuesday that is expected to end with revelations on the central bank's plan to gradually reduce its $4.5 trillion portfolio of Treasuries and mortgage-backed securities it bought to stimulate the economy after the financial crisis. Recent economic data has shown job growth to be steady and inflation to be nearing the Fed's 2 percent target rate, so economists expect the Fed to announce Wednesday that it is raising its benchmark interest rate by a quarter point. Markets have been steady in the run up to the meeting, with signs of economic strength overshadowing any uneasiness over the possibility of a rate hike.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.