Federal Reserve's Meeting: Expectations, Watchlist, and Economic Outlook

The Federal Reserve is expected to keep interest rates unchanged at its meeting this week, but investors are looking to Fed Chair Jerome Powell's press conference for clues on future rate hikes. Powell is likely to leave the door open for at least one more rate increase this year, depending on economic data. Despite concerns about inflation, the economy has remained resilient, with strong GDP growth and a tight labor market. Some investors believe the Fed may approve another rate hike in December, while others expect a shift to a higher-for-longer stance.