The Federal Reserve will almost surely leave rates unchanged in the current range of 5.25-5.50% at the top of the hour. The intrigue will be in the statement and commentary from Chairman Jerome Powell in the press conference.Here is how the previous statement read:Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. Inflation remains elevated.The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain.
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