March FOMC Preview: "Markets Are On A Hunt For Clarity"

Wednesday's FOMC is widely expected to leave rates on hold at its March 19th meeting. This has been the expectation since January, when Fed Chair Powell stressed a no-rush approach to future changes in policy, given the uncertainties ahead. 

Expectations ahead are more uncertain, however, according to Newsquawk. The current dot plot signals two more rate cuts in 2025; Governor Waller has suggested that this is still his base case.