FOMC to Release Interest-Rate Decision Today

BREAKING: Interest Rate Decision Expected at 2 PM ET

Federal Reserve to Weigh Policy Options Amidst Uncertain Economic Outlook

The Federal Open Market Committee (FOMC), the policy-setting body of the Federal Reserve, is scheduled to release its interest-rate decision today at 2 pm ET. This closely watched announcement comes as the central bank faces a challenging economic environment, with concerns about inflation, rising interest rates, and slowing economic growth.

In addition to the interest-rate decision, the FOMC will also release a policy statement that provides insights into the committee's economic outlook and its plans for future monetary policy. The statement is expected to be closely scrutinized by investors and economists for any changes in the Fed's stance or guidance.

The FOMC has raised interest rates aggressively in recent months in an effort to combat inflation. The latest hike in May brought the target range for the federal funds rate to between 0.75% and 1.00%. However, the Fed also acknowledged that the economy is slowing, raising concerns about the potential impact of further rate hikes.

Today's decision will provide important signals about the Fed's assessment of the economy and its plans for the future. Investors are closely watching for any indications of a shift in the Fed's stance or a willingness to slow the pace of rate hikes.

The FOMC's decision and policy statement will be released at 2 pm ET. Follow this article for the latest updates.