The Federal Reserve is anticipated to maintain its wait-and-see stance on interest rates, as indicated by the minutes from its May meeting, set for release on Thursday. Despite market speculation, the Fed has shown little inclination to adjust its policy rate, currently at 4.25%-4.50%, amid ongoing global trade tensions sparked by tariffs announced by former President Trump in April. Investors predict that the Fed will hold rates steady through its June and July meetings, with potential rate cuts of 25 basis points expected in September and December. The Fed's cautious approach reflects uncertainty over the economic impact of the evolving trade situation.