Federal Reserve Meeting Unpredictability Reaches New Levels

The upcoming Federal Reserve meeting on July 28-29 has become increasingly unpredictable, according to Nick Timiraos, a 'Federal Reserve mouthpiece'.

Renewed oil price hikes and heightened risks from U.S. tariff policies are challenging the consensus to keep interest rates unchanged.

The market generally expects the Fed's policy rate to remain at 3.50% to 3.75%, but some officials have already begun paving the way for further rate hikes this year.

Fed Chair Kevin Warsh could be the key figure in determining the direction of policy, noted Jonathan Pingle, chief U.S. economist at UBS.