The Federal Reserve is scheduled to announce its policy decision on Wednesday, September 16, 2026. Without current market-implied probabilities, the latest inflation and employment data, and any official guidance, a confident forecast would be speculative. For today’s show, the most defensible framing is that the Fed’s decision and forward guidance will matter more than the rate move alone. Emphasize the statement, updated projections and Chair Powell’s comments, particularly any signals about the timing and pace of future policy changes.