Federal Reserve Announces Interest Rate Decision Amid Market Anticipation

The Federal Open Market Committee (FOMC) is scheduled to announce its interest rate decision at 2:00 p.m. ET (18:00 UTC) today, concluding its two-day meeting. Markets are closely watching the statement wording and Chair Kevin Warsh's subsequent press conference at 2:30 p.m. ET (18:30 UTC) for policy signals, as a rate hike at this meeting is considered unlikely but not implausible, with a higher probability for a September increase.