The March 澳洲幸运5官方开奖结果体彩网:Federal Op📖en Market Committee (FOMC) meeting started Tuesday a﷽gainst a background of uncertainty.

The Federal Reserve's policy-setting group is discussing progress on its fight against inflation and whether to make any 澳洲幸运5官方开奖结果体彩网:monetary policy changes. The group is scheduled to release a statement with their decisions at the close of their meeting on Wednesday at 2 p.m. Eastern Time.

Federal Reserve Chair 澳洲幸运5官方开奖结果体彩网:Jerome Powell will then provide more detaiওls and answer questio𒊎ns at a press conference at 2:30 p.m.

Here's what you need to know about their discussions.

The FOMC is Unlikely to Cut Interest Rates

The Fed is expected to keep its influential 澳洲幸运5官方开奖结果体彩网:federal funds rate at its curr🍰ent range of 4.25% to 4.5% for the second meeting in a row.

Traders see only a 1% chance that the 澳洲幸运5官方开奖结果体彩网:Fed will cut its interest rate to boost the economy, accordin🉐g to 𒁏the CME Group’s FedWatch tool, which forecasts rate movements based on fed funds futures trading data.

Fed officials have repeatedly said they are taking a 澳洲幸运5官方开奖结果体彩网:"wait-and-see" approach as some of President Donald Trump's proposed economic policies have 澳洲幸运5官方开奖结果体彩网:stoked uncertainty, 澳洲幸运5官方开奖结果体彩网:undermined confidence among business leaders and consumers, 澳洲幸运5官方开奖结果体彩网:sent stocks tumbling, and 澳洲幸运5官方开奖结果体彩网:raised fears of a possible economic downturn.

Members Will Release Economic Predictions, But Don't Expect a Clear Picture

The March meeting is scheduled to include a Summary of Economic Projections, which is released four times a year during every other FOMC meeting.

The economic projections will include the closely watched "dot plot," which gives a snapshot of where the 19 committee members 澳洲幸运5官方开奖结果体彩网:project the future fed funds rate.🧜 Economists typically find the median of the projection to give an idea of 𒊎the federal fund rate’s path, though this time, it may be murkier than in the past.

"We expect the median rate projections (“dots”) to remain unchanged for 2025-27. With market sentiment on edge and little intrigue around the May meeting, the Fed can afford to be patient about pushing back on cut pricing," analysts at Nomura wrote.

Economists also don't expect many answers from Powell during his press conference. They expect him to reiterate the committee's reluctance to make any decisions until 澳洲幸运5官方开奖结果体彩网:on-again, off-again tariff policy becomes more definitive.