This is CNBC's live blog covering the Federal Open Market Committee meeting and Chair Jerome Powell's press conference. Federal Reserve policymakers will make their latest decision on interest rates at 2 p.m. ET Wednesday, and it is likely to be the last such call under Jerome Powell 's leadership. The market widely anticipates that policymakers will hold rates in a range of 3.5% to 3.75% as they closely monitor the labor market and inflation, which has stubbornly held above the central bank's

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