The Federal Reserve is expected to continue dialing back monetary stimulus at its monthly meeting.<br /><br />It concludes on Wednesday with new Fed Chair Janet Yellen’s first news conference. <br /><br />Journalists will try to pin her down on when the US central bank will start putting up the cost of borrowing. <br /><br />They are not likely to get a direct answer, but a number of Fed officials have indicated they are comfortable with market expectations for an interest rate rise sometime around the middle of next year.<br /><br />With US job growth accelerating and industrial production and consumer spending strengthening, economists expect the policymakers to announce another $10 billion reduction to the monthly bond purchases which have been used to stimulate the economy.
