#FOMCMeeting The Federal Open Market Committee (FOMC) is meeting this Wednesday, and all signs indicate that the base interest rate will remain unchanged.

However, looking at the outlook for the coming months — starting in July — the chances of a rate cut are increasing.

Market forecasts hint that Powell will wait — for now

Global markets will be watching the Bank of Japan, the Riksbank, and the Federal Reserve this week as they prepare to make their latest decisions on interest rates.

The FOMC meeting is scheduled for June 18, and according to the CME Fedwatch tool, the chances of a quarter-point cut are virtually nonexistent — only 0.1%.

A confident 99.9% of CME futures bet that the central bank will keep the federal funds rate unchanged.