After nine months of standing pat, the Federal Reserve is set to offer some interest rate relief on Wednesday. The open question is what hints are on offer about what comes next.

The big picture: Rapidly deteriorating job growth has solidified support for a quarter-point interest rate adjustment among Fed officials. • But with price pressures still elevated, some will be reluctant to indicate much more monetary easing from here. • New quarterly projections out Wednesday will shed light on the range of opinion and how much consensus there is behind additional rate cuts this year.

Flashback: In the last round of projections, issued in June, the median official anticipated two rate cuts in the second half of the year, but there was a wide range of opinion — including seven officials out

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