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WASHINGTON (AP) -- The global economy has stumbled, and financial markets have endured some stomach-churning moments. But that doesn't mean the Federal Reserve plans any major policy shifts.
Ending a two-day discussion Wednesday, the Fed is expected to announce the end of its monthly bond buying program. It's also expected to signal that it remains in no hurry to raise its key short-term interest rate.
The discussions will conclude with a statement on the Fed's decisions. This month's events will not include a news conference by Chair Janet Yellen, whose next session with reporters will be in December. That's one reason most economists don't think the Fed will announce any major policy shifts until its next meeting, when Yellen would be able to explain any changes.
The economy the Fed is discussing has been strengthening, thanks to solid consumer and business spending, manufacturing growth and a surge in hiring that's reduced the unemployment rate to a six-year low of 5.9 percent. Still, the housing industry is still struggling, and global weakness poses a potential threat to U.S. growth.
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