Decision lands 2:00 PM ET today, Warsh press conference at 2:30. Markets price 91% odds of a 25bp hike to the fed funds range, up from 3.50–3.75%. The dot plot matters more than the hike itself June's showed half the committee already leaning toward one by year-end. Watch the statement language, not the headline number. One hike changes little; a hawkish dot plot changes everything.