#FedHODL What to expect from the Fed's first decision of the Trump era and the firstThe US is widely expected to keep interest rates unchanged and the Selic rate will rise by 1 percentage point in Brazil, but statements after Powell's meetings and press conference should provide new signals about the direction of monetary policy in both countries. The paths already outlined for the monetary policy decisions of the Federal Reserve (Fed) and the Central Bank of Brazil are unlikely to change in relation to what the market expects this Wednesday. While in the United States there is widespread expectation of a pause in the Fed's interest rate reduction cycle, here the market is unanimous in projecting a new 1 percentage point increase in the Selic rate by the Monetary Policy Committee (Copom), in the first meeting to be led by the new BC president, Gabriel Galípolo, and with a new board configuration.