The Federal Open Market Committee (FOMC) is expected to maintain rates between 4.25% to 4.50% during their meeting this week. Interest rate traders predict a 96.9% chance of no changes, up from 81.4% a month ago, due to rising inflation. Some FOMC members, like Michelle Bowman and Christopher Waller, are calling for rate cuts to combat slowing economic growth and trade policy impacts. The jobs report and GDP data are also set to be released this week, with analysts expecting a rise in unemployment to 4.2% and a 2.3% growth in GDP for the second quarter. Stagflation concerns are keeping the FOMC cautious about lowering rates.

Read more at Investing.com: FOMC Expected to Hold Tight on Rates, but Dissent is Mounting