“I think the Fed will have a window to cut rates in September,” Rick Rieder, BlackRock’s chief investment officer of global fixed income and head of the firm’s global allocation investment team, said in a phone interview.

Interest rates for credit cards to mortgages jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

While any movement on interest rates seems improbable, the meeting will feature important signals that still could move markets.