US Fed Meeting 2026 LIVE: US stocks fall ahead of what could be Powell's last speech as Fed chair; here's what to expect
The US Federal Reserve is set to conclude its monetary policy meeting on 29 April 2026, with traders expecting the central bank to leave rates unchanged. The Fed chair Jerome Powell's remarks will be closely tracked amid the ongoing US-Iran conflict.
The US Federal Reserve's monetary policy meeting for April 2026 is concluding on 29 April. Traders expect the central bank to maintain the federal funds rate target range at 3.5%-3.75%. The Fed has held this rate steady for a third consecutive meeting following cuts in late 2025. US stocks fell ahead of the meeting, with the Dow Jones Industrial Average down 0.56%, the S&P 500 losing 0.18%, and the Nasdaq Composite losing 0.17%. The Fed will announce its interest rate decision at 2:00 PM ET, followed by a press conference with Fed Chair Jerome Powell at 2:30 PM ET. This will likely be Powell's last press conference as Fed chair, with his term ending on 15 May. The US Senate has advanced the nomination of Kevin Warsh to succeed Powell as Federal Reserve chair.
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