The central bank is widely expected to announce a quarter percentage point, or 25 basis point, cut to its overnight lending rate at Wednesday's meeting.

If he does not use that phrase, he may be open to further interest rate cuts.

The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.

The "dot plot," Chair Jerome Powell's press conference and estimates for U.S. economic growth and inflation are ways the Fed can rein in sentiment.

The "dot plot," Chair Jerome Powell's press conference and estimates for U.S. economic growth and inflation are ways the Fed can rein in sentiment.

Only in June does a plurality—41.9%—emerge on CME FedWatch for a further cut to 3.25%.

The central bank is widely expected to announce a quarter percentage point, or 25 basis point, cut to its overnight lending rate at Wednesday's meeting.

The Federal Reserve on Wednesday released its interest rate decision.

Betting markets and Wall Street expected a third consecutive cut in interest rates, but now forecast a cautious approach from the Fed in 2026.

The FOMC elects to cut interest rates in December to 3.5% -3.75%, but Powell siignals that policy may now by neutral, making a January cut less probable.

The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.