The Federal Reserve will issue a statement declaring strong growth and inflation moving to its 2% target, making clear more interest rate hikes are coming. “All they need to do is to point to current growth and inflation numbers and it tees up the next rate hike in September,” said Diane Swonk, chief economist at Grant Thornton. The Federal Open Market Committee will release a statement at 2 p.m. Wednesday after two days of talks. There will not be updated economic forecasts or a press conference from Fed Chairman Jerome Powell. Because there is no press conference, analysts are pretty certain the central bank will ... (full story)