#FOMCMeeting When the Federal Open Market Committee meets in Washington, D.C. on Tuesday and Wednesday, members will discuss what actions should be taken - or not taken - to give the economy the best chance of success in both the short and long term. The Federal Reserve is expected to keep interest rates at the current level: CME Group's FedWatch tool calculates the probability of a rate cut at only 3.2%, although that number has risen slightly from 1.8% last week. Bond traders are betting that a rate cut will occur in July.