The Federal Reserve’s policymaking committee is meeting this week.

There probably won’t be a rate hike this time. The Fed is saving that for December, when there is an 80 percent possibility — according to the gamblers on Wall Street — of another boost in borrowing costs.

Still, this week’s post-meeting message from the Fed will be carefully read for signs of increased inflation concerns.

If Jerome Powell, the Fed’s chairman, sounds calm about inflation, the markets will rally.