Fed Expected to Keep Interest Rates Unchanged Amid Rising Inflation Concerns

The US Federal Reserve is set to announce its latest monetary policy decision today. The central bank's rate-setting committee, the FOMC, has held a two-day meeting on July 28-29, 2026.

While markets largely expect the Fed to leave interest rates unchanged, investors will be closely watching for clues on the future direction of monetary policy from new Fed Chair Kevin Warsh's post-meeting press conference.

The CME FedWatch Tool shows a 33.7% probability of a rate hike at the July FOMC meeting, with odds increasing to 79.4% for September, 85.8% for October, and 90.6% by December.