Published on
29/07/2026 - 9:29 GMT+2
The highly anticipated Federal Reserve policy meeting on Wednesday comes amid uncertainty over whether policymakers are losing patience with inflation and, if so, whether they are ready to turn their frustration into action. Expectations are tilting towards 'not yet'.
US economists largely expect the Fed to leave rates unchanged this time, but see the risk of a hike as significant, with many pricing in a rate rise for September.
The monetary policy decision comes as renewed tensions in the Middle East have sent oil prices soaring again, reigniting concerns that inflation could keep climbing in the world's biggest economy.
