one18
US Fed FOMC Meeting Live Updates: The US Federal Reserve is set to announce its policy decision on Wednesday, September 17 (local time), which is most likely to be its first rate cut this year. The same is set to come at the back of a weakening labour market, stubborn inflation and US President Donald Trump's push for lower borrowing costs. Earlier this week, Trump even predicted a "big cut" from the US Fed. "I think you have a big cut. It's perfect for cutting," he told reporters on Sunday. The US dollar approached its lowest level since March 2022 ahead of the US Fed decision. The US job growth cooled in August with the unemployment rate increasing to its highest level since 2021. Meanwhile, inflation in the US remains above the Fed's 2% goal and could increase further if the tariffs push costs up.
Economy
C
CNBC TV18•28-01-2026, 14:21

US Federal Reserve Meeting: What to Expect and Where to Watch Powell's Address

  • •The US Federal Reserve's first FOMC meeting of 2026 concludes today, January 28, with Chair Jerome Powell announcing the benchmark interest rate decision.
  • •The current interest rate is 3.5-3.75%, following a 25 basis point cut in December.
  • •Powell's address will be live-streamed on the Federal Reserve's social media platforms (X: @federalreserve, YouTube) and CNBC-TV18's platforms.
  • •The Fed is expected to maintain the current interest rate, with no new policy projections anticipated, despite pressure from the Trump Administration for cuts.
  • •This meeting is crucial amidst a DOJ investigation into Powell and global market impacts, with US inflation at 2.7% and unemployment at 4.4%.

Why It Matters: The US Fed is expected to hold interest rates steady today, with global markets watching Powell's address.

Read Full Article on Cnbc in English
✦

More like this

Loading more articles...