Will the Fed raise rates this week?

This week the Federal Open Market Committee is meeting. The Fed's policy making committee is expected to raise its benchmark fed funds rate another 0.25 percent to a range of 1.0 to 1.25 percent. (This is the rate banks lend to one another overnight, and it does not directly impact long-term rates like home loans.) There is talk however that the increase will be put off until September. For more information on this and its impact on the economy read this Marketwatch article. http://www.marketwatch.com/story/what-to-expect-as...