Economists and traders alike view it as a near lock that the Fed will opt to hold rates steady at 4.25% to 4.5%; JPMorgan’s chief U.S. economist Michael Feroli said it “appears obvious” this will be the course of action, while the market prices in a 99% chance of a hold, according to CME Group’s FedWatch Tool.

A new set of economic projections will give the clearest sense to date of how officials think President Trump’s agenda will impact the economy.

The Fed is expected to hold off on hiking or cutting rates this month. However, if the US economy continues to decline, the central bank will likely need to step in with a rate cut to encourage economic activity.