The Federal Reserve is expected to hold interest rates steady. Investors will be keeping a close eye on Fed officials’ latest economic projections—known as the “dot plot.” Any variance between the most bearish and most bullish officials might hold a key to the future of U.

The central bank is waiting for clearer economic data amid uncertainty over President Donald Trump’s trade war and other policies.

Trump has griped the Federal Reserve is losing a contest with the European Central Bank to cut interest rates? Is it a contest? And is the Fed losing?