WASHINGTON — Federal Reserve officials are set to provide updated details on their plans for eventually scaling back easy-money policies as they conclude a two-day policy meeting amid signs of accelerating economic growth and inflation.

The Fed on 16 June is likely to say after the meeting that it will maintain short-term interest rates near zero and keep buying at least $120bn a month of Treasury and mortgage bonds. The central bank will also release individual policy makers’ updated quarterly economic projections.