No change expected in Fed funds rate
The Fed is set to meet with no expected change to the Fed funds rate. The central bank is not expected to signal a material change in monetary policy stance.
The meeting will be the first for new Fed chair Kevin Warsh, who is expected to take a more dovish view on inflation. However, he is not likely to offer explicit forward guidance on future policy decisions.
Warsh will likely downplay the energy price shock as transitory and brush off concerns about tariffs inflation. His press conference will be closely watched for hints on his agenda for the Fed.