Federal Reserve Expected to Leave Interest Rates Unchanged, But Powell's Comments in Focus

The Fed is expected to leave interest rates unchanged this week, but Wall Street is focused on Powell's press conference for clues about future hikes.

Powell will likely stress uncertainties and say the Fed can "proceed carefully" in tightening policy.

Interest rates are already at a 22-year high of 5.25-5.50% as the Fed fights inflation.

The economy has remained strong despite rate hikes, complicating the Fed's decision-making.

Some believe the Fed could hike rates again in December, but others think they are done tightening for now.