Federal Reserve Will Likely Hold Rates Steady In Jerome Powell’s Final Meeting

BreakingBusinessFederal Reserve Will Likely Hold Rates Steady In Jerome Powell’s Final MeetingByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorApr 29, 2026, 09:56am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineThe Federal Reserve is overwhelmingly favored to hold interest rates steady again on Wednesday, in what is likely Jerome Powell’s final meeting as the central bank’s chair amid a contentious relationship with President Donald Trump. Powell’s term as the central bank chair expires next month. Copyright 2026 The Associated Press. All rights reservedKey FactsTraders have priced in 100% odds of the Federal Reserve holding interest rates between 3.5% and 3.75%, according to CME’s FedWatch tool, matching consensus analyst projections, according to FactSet.Betting markets also favor no shift in interest rates: Polymarket placed 100% odds of no change in interest rates, and Kalshi projected 99% odds that rates will be held between their current range.The Federal Open Market Committee signaled last month that interest rate cuts would “likely become appropriate” should inflation fall below the Fed’s 2% target, and inflation only surged during the Iran war, with consumer prices rising 3.3% in March as energy prices posted their largest single-month gain since 2005. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resour...