The Federal Reserve is expected to keep interest rates unchanged after its two-day policy meeting. Officials want to see more data before considering rate cuts or keeping rates elevated. A new set of economic projections will be released to provide insight into the timing and pace of rate cuts this year. However, inflation remains a concern, and the Fed wants to see further evidence of it reaching the 2% target. Fed Chair Jerome Powell will reiterate that officials are in wait-and-see mode. Investors will pay attention to Powell’s remarks and the Fed’s economic projections for any changes in rate cut expectations.
