The FOMC is set to announce its latest monetary decision at the top of the hour.
Federal Reserve Chair Janet Yellen is also expected to hold a press conference at 2:30 pm EST.
Along with its latest monetary policy decision, the Fed also released its latest Summary of Economic Projections.
Included in its Economic Projections is the Fed's "Dot Plot," which shows where FOMC members think interest rates will be at year-end through 2016, and over the longer run.
We'll have an update on the latest Dot Plot when it hits.
This is what the Dot Plot chart looked like at the March meeting.
Federal Reserve