The Federal Open Market Committee (FOMC) is set to announce its interest rate decision on Thursday, with expectations holding steady at 3.75%. This comes amid heightened market volatility driven by geopolitical tensions and economic uncertainties. Following the rate announcement, Federal Reserve Chair Powell will address the media in a press conference, providing insights into the Fed's monetary policy outlook. Market participants are also closely monitoring U.S. economic indicators, including the Initial Jobless Claims and the Producer Price Index (PPI) for December, both scheduled for release later in the week. Additionally, St. Louis Fed President Musalem is slated to speak on the U.S. economy and monetary policy, potentially offering further guidance on future economic directions.