Fed likely to pause rate cuts with clouds gathering over the economy

[nitpicked]

https://thehill.com/business/5198907-federal-reserve-interest-rates-cut/

The Federal Reserve is unlikely to cut interest rates this week despite growing concern about the state of the U.S. economy and the impact of President Trump’s trade agenda.

Markets are expecting the Fed to maintain its pause on cuts, a move that would deprive them of stimulus following two weeks of sizable losses and that could incur the wrath of Trump.

Interest rate futures contracts indicate a 99-percent probability that the Fed will hold interbank lending rates steady at a range of 4.25 to 4.5 percent, as measured by the CME FedWatch prediction algorithm.
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The Fed is set to release its economic projections for later this year at its meeting this week. Its last projections released in December slashed the number of quarter-point rate cuts expected in 2025 from four to two and delivered more robust performance targets than previously expected.
(snip)