Fed expected to raise interest rates and signal more hikes are coming

• The Fed is likely to sound hawkish when it announces an expected rate hike Wednesday and releases its new economic outlook and interest rate forecast.
• The 2-year Treasury note, which most reflects Fed policy, rose to a new 10-year high Monday, ahead of the meeting.
• The Fed is expected to sound more confident about the economy, raising its forecast for growth and removing language from its statement that described its policy as easy.

Source: CNBC