Here's how certain trends may play out
A key question is whether Wednesday's increase will be the Fed's last
Economists have been downgrading their probabilities of a U.S. recession
Inflation rate falls to an annualized rate of 3% in June with easing prices for gasoline, airline fares, used cars and groceries
The latest evidence of economic strength makes it all but certain that the Fed will resume rate hikes
Many economists described the message from the June meeting as a blurry one
Despite rate increases, Fed chairman says rates "haven't been restrictive very long"
Process of getting inflation back down to 2% has "a long way to go,'' Fed chairman says
Signals there could be two more hikes this year
Tuesday's inflation figures arrive as Federal Reserve officials begin a pivotal two-day meeting