Central bank policymakers are widely expected to keep the key interest rate at 5.25% to 5.5%. Traders will be listening for details on the path for rate cuts.
•The Federal Reserve is widely expected to stand pat on interest rates, keeping them steady at 5.25% to 5.5% The focal point for traders on Wednesday will be whether the central bank sheds any light on the prospect for rate cuts in the fall. All eyes will be on Fed Chair Jerome Powell's press conference, scheduled for 2:30 p.m. Eastern.What investors can expect going into the Fed’s decision
Investors are looking past the Federal Reserve's policy decision for July, instead fixing their gaze on the central bank's outlook for rate cuts. The Fed is widely expected to keep a steady hand on interest rates at the conclusion of its meeting on Wednesday, keeping its benchmark rate at a range of 5.25% to 5.5% – where they have been for the past year.
Traders will turn toward the central bank's post-meeting statement and listen closely to Fed Chair Jerome Powell's press conference for details on whether rate cuts can start in September. Indeed, fed funds futures trading suggests a 100% likelihood that policymakers will ease on rates at that meeting.
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