Roughly six months after the Federal Reserve hit pause on interest-rate cuts, the central bank remains firmly in wait-and-see mode as it gauges the fallout from President Donald Trump’s trade and other policies that continue to cloud the economic outlook.

The Fed’s dot plot is a chart that records each Fed official’s projection for the central bank’s key short-term interest rate. The dot plot is updated every three months and is meant to provide insight into the Fed’s future rate decisions,

All eyes will be on the US Federal Reserve's monetary policy decision today, but Powell's news conference will be the most significant event.