#FOMCMeeting

The Federal Open Market Committee (FOMC) meeting is currently underway, with the Federal Reserve expected to maintain its current interest rate range of 4.25% to 4.50%. Here's what's happening ¹ ²:

- *Interest Rate Decision*: The FOMC is unlikely to cut interest rates at this meeting, but will release its Summary of Economic Projections (SEP), also known as the "dot plot," which will show where policymakers expect the federal funds rate to be at the end of this year.

- *Press Conference*: Fed Chair Jerome Powell will hold a press conference at 2:30 pm Eastern Standard Time to discuss the policy decision and provide insights into the Fed's economic outlook.

- *Market Expectations*: Markets are anticipating quarter-point rate cuts in both September and December this year, but whether those cuts materialize remains to be seen.

- *Economic Projections*: The Fed's SEP will provide valuable insights into the central bank's economic outlook, including inflation and growth projections.

*Key Takeaways:*

- *Rate Hike Probability*: The CME Group's FedWatch tool shows a 99.9% probability that the Fed will hold rates unchanged.

- *Inflation Concerns*: Inflation remains above the Fed's 2% target, with policymakers closely watching tariff-related inflationary threats.

- *Future Policy Signals*: The "dot plot" will reveal policymakers' forecasts for interest rates later this year, providing insight into the Fed's future policy plans.

The FOMC's decision and Powell's press conference will likely influence financial markets, with traders and investors closely watching for any hints about future monetary policy decisions ².