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FOMC meets today as Powell delivers a final message and markets watch for any shift in guidance
Economy
Published on 29 April 2026
Rate hold is priced in but guidance could move everything
The FOMC meeting and Jerome Powell’s 2:30 PM speech are set to shape US Fed expectations, with markets already pricing a 100% likelihood of a rate hold. Inflation is still near 3.3%, oil remains elevated, and job data is uneven—keeping the stance cautious. Even without a cut, Powell’s tone and forward guidance could quickly shift rate expectations.
- Markets expect a 100% rate hold at 2 PM ET
- Inflation near 3.3% and firm oil keep policy cautious
- Mixed jobs data raises uncertainty over timing of cuts
- Powell’s final message may shift forward guidance despite no decision change
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times