Fed to send clear message that more rate hikes are coming

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. Investors may cheer Q2 earnings, but that isn’t making the outlook for the next quarter any rosier The second-quarter earnings season has largely been positive for the U.S. stock market, some high-profile disappointments aside. But increasingly, investors are looking for confirmation that the first half of the year won’t represent a peak for the cycle..