#FOMCMeeting Most important factors: expansion or reduction of inflation, state of the labor market, and external shocks.

• If there are hints in the communiqué about a reduction in July or September — the markets will react quickly.

✅ Conclusion as of today

1. There is no decision to raise the rate – maintaining at 4.25–4.50%.

2. The dot plot may be reduced to one cut instead of two.

3. Powell at the press conference – the key word now, an attempt to explain when and under what conditions to expect a cut.

4. Markets and the dollar: if the tone is "wait-and-see", the USD may strengthen, and stocks may falter. Conversely, hints at a cut will strengthen risk assets.