The Federal Reserve is set to release its latest interest rate decision on Thursday at 2 p.m., with Wall Street pricing in a 25-basis-point cut. Investors are closely watching the central bank's move amid ongoing uncertainty in the economic data, specifically the impact recent weather events and labor strikes had on the October jobs report.

The Federal Open Market Committee (FOMC) is also weighing potential policy changes, such as taxes and tariffs under President-Elect Donald Trump.

Yahoo Finance Fed reporter Jennifer Schonberger breaks down the three things investors should be watching for in the Fed's decision and discusses the factors shaping it.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Angel Smith