Fed chair Powell is not done telling markets where rates will go

By Ann Saphir WASHINGTON (Reuters) – Since it began its current round of interest-rate hikes this year, the U.S. Federal Reserve has aimed to let investors know ahead of time not just where rates are heading generally but exactly how big a move to expect each time. And despite some snags, including what analysts say was a last-minute but successfully telegraphed change of plans before the June meeting, Fed Chair Jerome Powell isn’t likely to abandon those efforts. The Fed and other central banks have long used that signaling – known as forward guidance in their parlance – to set expectations a…

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