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The U.S. Federal Reserve is holding its regular monetary policy meeting amid expectations that interest rates will remain steady at 4%, despite rising inflationary pressures resulting from the Iran conflict and soaring oil prices, which could push inflation rates above the bank's 2% target—reaching 3.5% in June. The decision is expected to be announced tomorrow, Wednesday, with discussions focusing on the degree of future rate hikes needed, especially since half of the committee members previously indicated the possibility of at least one increase before the end of the year. Markets are also leaning towards maintaining the current rates, amid political pressures from President Trump, who is calling for lower interest rates. However, the Fed emphasizes its independence in decision-making.
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