Today's Federal Open Market Committee (FOMC) meeting is set to conclude with the Federal Reserve's interest rate decision at 2:00 PM ET, followed by a speech from Fed Chair Jerome Powell at 2:30 PM ET. Investors expect rates to remain unchanged at 3.5%-3.75%, as inflation hovers around 3.3%, significantly above the Fed's target of 2%. Despite a strong expectation of no rate change, the economic landscape is complex, with fluctuating job data and rising oil prices contributing to uncertainty. Powell's comments during the press conference are anticipated to provide insights into future monetary policy, which is crucial for market participants. The Fed's last rate cut occurred in December 2025, and while some economists predict a possible cut later in 2026, others suggest that persistent inflation may prevent any reductions. This FOMC meeting is particularly significant as it may mark Powell's final meeting before Kevin Warsh potentially takes over as Fed Chair. The outcome of this meeting will not only influence U.S. markets but also set the tone for economic conditions in the coming months.