FOMC Preview: The Fed Is Too Uncertain To Change Anything, But Watch For Hawkish Dots

The Fed's interest rate decision and updated Summary of Economic Projections (SEPs), the first since April's Liberation Day, will be released at 2:00pm EDT, followed by Powell's Press Conference at 2:30pm EDT.

The FOMC will keep rates unchanged at 4.25-4.5%, as highlighted by the latest Reuters poll showing 103 out of 105 economists surveyed expecting this outcome, with the other 2 seeing a 25bps cut. Within the same poll,