Fed Chair Kevin Warsh to announce rate decision and hold first press conference at 2 p.m. EDT

The Federal Reserve is set to announce its interest-rate decision, with Chair Kevin Warsh scheduled to hold his first press conference at 2 p.m. EDT after the meeting. Markets are focused on whether the Fed keeps rates unchanged, any shift in the “dot plot” for 2024 cuts, and how Warsh frames the central bank’s policy independence. The prevailing expectation is that the Fed will stand pat, but uncertainty remains over whether Warsh, a Trump pick, faces political pressure. The decision will shape Treasury yields, the dollar and the valuation of high-priced technology stocks.