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macroJul 29, 2026, 8:12 AM

FOMC Preview: Hold Expected But Oil Prices Lifting Rate-Hike Odds

The Federal Reserve is seen keeping rates at 3.50–3.75% on Wednesday, though firmer energy costs have nudged futures markets to price a growing chance of a hike.

EURUSD

The Federal Reserve is widely expected to leave its policy rate unchanged at 3.50–3.75% when it announces its decision later on Wednesday.

However, the recent climb in oil prices has shifted sentiment in futures markets, which now assign a higher probability to a rate increase at this meeting.

Source: FXStreet Forex News