The Economic Times

FOMC meeting today: Jerome Powell speech, Fed interest rate decision, and what to expect from US Fed policy today as Powell faces his final chapter

FOMC meeting today: Jerome Powell speech, Fed interest rate decision, and US Fed policy outlook. The FOMC meeting today comes with a clear signal. Markets price a 100% rate hold. The Fed interest rate decision lands at 2 PM ET. The Jerome Powell speech follows at 2:30 PM ET. Inflation still sits near 3.3%. Oil prices remain elevated. Job data looks uneven. This keeps the US Fed policy today cautious. No rate cut is expected now. But forward guidance matters more. Powells tone may shift expectations.