The Federal Open Market Committee (FOMC) is expected to leave the Federal Funds Rate (FFR) unchanged at the current range of 5.25% to 5.50% in its regular meeting this week.
That's according to the CME's FedWatch Tool, which estimates the likelihood of changes in this critical interest rate for U.S. monetary policy. This week, it points to a 98.4% probability of FOMC setting the FFR target at the current range this week, down from 97.1% a week ago and 90.9% a month ago.
