The U.S. Federal Reserve convenes today, July 28, for its two-day Federal Open Market Committee (FOMC) monetary policy meeting. Central bankers are gathering to evaluate sticky inflation data, steadying employment numbers, and volatile global energy dynamics before announcing their benchmark interest rate decision tomorrow. This marks Federal Reserve Chair Kevin Warsh’s second policy decision at the helm. With the federal funds rate currently holding at 3.50%–3.75%, Wall Street and global markets expect the central bank to keep interest rates steady for a fifth consecutive meeting. However, all eyes remain fixed on Warsh’s post-meeting commentary for signals regarding whether rate hikes could return later this year.
