Forex
US Fed Set to Hike Rates Amid Inflation Fears
The US Federal Reserve is set to announce its interest rate decision on Wednesday, with markets betting on a hike to tackle surging inflation.
The Fed's Federal Open Market Committee will announce its decision at 2:00 pm (1800 GMT) on Wednesday, marking the end of a two-day meeting.
Investors see a better than 92 percent chance of the first increase since 2023, which would test Chair Kevin Warsh's independence from Trump.
The world's largest economy has faced years of inflation above target, with prices surging in the wake of US President Donald Trump's war on Iran and signature tariff policies.