Key Takeaways The Federal Reserve policy committee's annual rotation gives more votes to "hawkish" members this year, whom experts see as more inclined to keep interest rates higher.The Fed is balancing the need for rates high enough to subdue stubborn inflation while avoiding crushing the economy.

The FOMC meeting for this month is set to take place between 28th and 29th, and all eyes are on the Federal Reserve interest rates decision.

The Federal Open Market Committee is highly likely to hold interest rates at their current level at their next meeting, but cuts later in 2025 remain on the table.