The Federal Reserve is widely expected to raise its benchmark interest rate and may also provide details on its plans to shrink $4.5 trillion of assets it amassed to nurse the economic recovery. Economists polled by Reuters overwhelmingly see the Fed raising its benchmark rate to a target range of 1.00 percent to 1.25 percent.
Major indexes extended losses, weighed by healthcare and materials shares. Diminished expectations of multiple U.S. interest rate hikes after weak retail sales data pushed the dollar lower against the yen. Treasuries surrendered most gains to end little changed. Oil fell as oversupply worries resurfaced and gold dropped. The entire market is waiting for the FED