FOMC Preview: Kevin Warsh Takes Helm, Rates Expected Unchanged

The Federal Reserve will release its latest policy decision later today. Markets widely expect no change in the federal funds rate, with a 99.4% probability that rates remain at 3.5–3.75%.

Kevin Warsh is now at the helm, shifting focus to forward guidance and the language of the statement. Analysts note that with rates on hold, the Fed's words will carry more weight than the dot plot projections.

This meeting marks a transition in communication strategy, as market participants scrutinize every phrase for signals on future monetary policy direction.