Here’s everything you need to know about the Fed decision coming Wednesday

This week’s Federal Reserve meeting is not much about the present but potentially very much about the future. If things go according to expectations, policymakers again will keep short-term interest rates on hold roughly from where they’ve been the past year. However, with a raft of cooperating inflation data under their belts in recent months, central bankers are widely expected to lay the groundwork for interest rate cuts to begin in September.