The Fed is likely to keep the rate at 4.5%, despite pressure from President Trump. Inflation in the U.S. accelerated to 2.4% in May, reducing the likelihood of immediate policy easing. However, the market remains on alert, especially considering Powell's recent statements about the readiness to act with changes in macroeconomic conditions.
Ahead of the announcement, I maintain a cautious approach, analyzing the market's reaction to the latest economic data. If the rate remains unchanged, it could support the dollar, but further comments from the Fed will be key to determining the direction of movement.