#FOMCMeeting The Fed's Reaction Function: Markets will be closely watching for any signals about how the Fed will react to incoming economic data. Will they emphasize "hard" data (measurable economic performance) or "soft" data (sentiment and expectations)? This will give clues about the timing and pace of potential future interest rate adjustments.

* Policy Uncertainty and Market Volatility: Given the current economic landscape, any hints from the FOMC about their outlook and potential policy shifts could significantly impact financial markets. Powell's press conference will be crucial in managing expectations and navigating this uncertainty.