Fed meeting live updates: Federal Reserve expected to hold rates steady, offer updated outlook amid Iran war
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting this week, but markets will be closely watching for signs of how the war in Iran could affect the Fed's inflation and economic growth outlook.
The recent spike in oil prices, driven by the Middle East conflict, has complicated the Fed's picture, as inflation remains above the central bank's 2% target and the labor market slows.
Traders now expect the Fed won't cut rates until October or December, and the central bank is widely expected to hold rates steady in the 3.5%-3.75% range on Wednesday.
Along with its second policy decision of the year, the Fed will also publish its first Summary of Economic Projections (SEP) for 2026, which will include forecasts from Fed officials on economic growth, inflation, and interest rates for the coming years.
https://finance.yahoo.com/news/live/fed-meeting-live-updates-federal-reserve-expected-to-hold-rates-steady-offer-updated-outlook-amid-iran-war-125458502.html
No rate cut for you Donny