Traders and economists confidently expect the Fed to leave interest rates unchanged in the 4.25-4.50% range.

As of writing, Fed Funds futures traders are pricing in 99%+ odds of no change to interest rates per CME FedWatch.

Assuming the Federal Reserve leaves interest rates unchanged as expected, the market’s focus will immediately shift to the central bank’s Monetary Policy Statement and the Summary of Economic Projections (SEP) for potential market-moving changes. #FOMCMeeting

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