How will the Federal Reserve act? That’s a question which has led to speculation that a rate hike by the US central bank is on its way later this year.<br /><br /> Its meeting on Wednesday is expected to pave the way for the first rise in nearly a decade. Can the recovery in America hold up against collapsing oil prices and a soaring dollar?<br /><br /> The guessing game is on with two distinct opinions as to when the rise will come.<br /><br /> “The traders are still sort of looking at September for, “lift off”. If you talk to Wall Street economists, those who sort of play a little closer attention to what these Fed policy makers are saying they are looking a little more to June,” explained Jonathan Spicer, Reuters Fed correspondent<br /><br /> The Fed’s latest policy meeting is expected to discard a previous pledge to remain “patient”. A number of officials have publicly endorsed that putting investors on notice the hike could come any time from June onward.<br /><br /> The statement from its latest policy meeting is expected early
