Traders watching Miran's rate decision, forecast closely

Wall Street will pay more attention to Federal Reserve independence at the conclusion of Wednesday's policy meeting, as President Donald Trump appointee Stephen Miran is expected to issue his first forecast in the so-called dot plot. The meeting could be historic on many levels. Not only is it likely to be the first meeting since December that the Fed lowers interest rates, but it could also show investors just how much influence the Trump administration is starting to wield over the central bank. "We're actually going to be able to quantify the degree of Fed independence," said Peter Corey, chief market strategist at Pave Finance. Miran is expected to cast his outlook on the Fed's dot plot, which charts where the central bank's policymakers expect the federal funds rate will be over the c