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Fed rate decision today leaves markets guessing as inflation and Iran war collide
Economy
Published on 29 April 2026
Jerome Powell’s final meeting could still surprise
The Federal Reserve is set to announce its latest interest rate decision, with most economists expecting rates to stay within 3.5% to 3.75%. The hold comes as inflation pressures persist, worsened by the ongoing Iran war. Meanwhile, the labor market is sending mixed signals, and the decision also marks Jerome Powell’s final meeting as Fed chair.
- Markets watch the Fed’s decision on rates and guidance
- Rates are widely expected to remain around 3.5% to 3.75%
- Inflation is staying sticky, linked to the Iran war’s impact
- Jerome Powell’s final Fed meeting adds extra uncertainty
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times