The decision on the Fed's interest rate at 18:00 UTC +0.

The main focus will be on three key points:

- Updated economic forecast: How growth, inflation, and unemployment estimates have changed.

- Mention of the exact date for the end of QT: Markets want clarity on the timing of the conclusion of the quantitative easing program.

- Powell's tone and content of the speech: The slightest hints at a change in the Fed's position will be reflected in the market.

Powell's Position:

- Neutral course: Since December, the Fed has been trying not to make sharp statements.

- Uncertain economic data: The regulator has two months until the next meeting to gather more information.

- Trump's pressure: He is urging to lower rates, but Powell doesn't want to give in too early.

- Hint at the end of QT in May: May support the markets, but is unlikely to become a strong catalyst.

Markets expect 2-2.5 rate cuts in 2025, with the first cut in June.

Powell is likely to try to downplay the March forecast again, citing high economic uncertainty. Market reactions will depend not only on the numbers but also on his rhetoric.