Federal Reserve Kicks Off Two-Day Meeting Amid Inflation Concerns

The US Federal Reserve's two-day monetary policy meeting began on July 28. Policymakers will assess the economic outlook and discuss interest rates during this meeting. The rate-setting Federal Open Market Committee (FOMC) meets eight times annually to review key indicators such as inflation, economic growth, and labor market conditions.

The FOMC will announce its decision on July 29, with most investors expecting the central bank to maintain current interest rates. However, some economists predict a surprise rate hike due to persistent inflation risks and elevated energy prices driven by geopolitical tensions.

Investors can watch the press conference addressed by Federal Reserve Chairman Kevin Warsh live on the Fed's website or YouTube channel. The announcement is scheduled for 11:30 pm IST in India, with Indian investors able to follow the remarks after the FOMC policy decision.