Will the Fed Set Off a Recession Alarm?

 | Justin Lahart
 06/11/2018 10:51 AM MDT
Federal Reserve
Credit: Wikipedia Commons

The chairman of the Federal Reserve, just four months into his term, could be in the uncomfortable situation this week of signaling that a recession is coming.

The Fed seems all but certain to raise its target range on overnight rates by a quarter point for the second time this year on Wednesday. There is a good chance it ups its estimate for total rate increases for 2018 from three to four.