News Summary

• Futures markets overwhelmingly expect the Fed to hold interest rates steady.
• In recent weeks, however, odds have risen for a potential interest rate hike by the end of 2026.
• The announcement will mark the first possible adjustment of the benchmark interest rate since Kevin Warsh began his four-year term as Fed chair last month.
• The policy move is also set to arrive at a moment of flux for the nation’s economy, just days after an agreement between the United States and Iran offered hope for some price relief.