Photo taken on June 16, 2020 shows the U.S. Federal Reserve in Washington, D.C., the United States. (Photo by Ting Shen/Xinhua)

A notable change since the Fed's last meeting in early June is that coronavirus infection rates have accelerated in many states and at least 22 states have either paused or partially reversed their efforts to reopen their economies.

WASHINGTON, July 28  -- The U.S. Federal Reserve is expected to debate how to provide more stimulus to the coronavirus-ravaged economy at its two-day policy meeting starting Tuesday, but the central bank is unlikely to announce major policy changes this week despite a recent resurgence in COVID-19 cases, analysts said.

"The Fed is stuck between the emergency actions of this past spring and the next steps to bolster the recovery that will come later this year," Tim Duy, professor of the University of Oregon and a long-time Fed watcher, wrote Monday in a blog post.

"The most likely outcome for this week is no policy change but a dovish tone to the statement and the press conference," Duy said, referring to the Fed's post-meeting statement and Chairman Jerome Powell's press conference scheduled Wednesday afternoon.