Explained | Why US Fed meeting outcome tonight matters more than any FOMC decision in last 3 years
The US Federal Open Market Committee will announce its decision on interest rates tonight after a two-day meeting. Economists widely expect a 25 basis point increase, marking the first rate hike since 2023, amid persistent inflation above the Fed's 2% target. This meeting is crucial as it could shape US monetary policy ahead of the November 2026 midterm elections.