Economy, business and finance
US Fed Rate Hike Expected Today: What It Means For Indian Rupee, Inflation And Stock Markets

The Fed has kept its policy rate unchanged since January as it assessed the impact of energy-price shocks and US tariffs on inflation.
The US Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, as persistent inflation, higher energy prices and strong economic data keep pressure on the central bank to maintain tighter monetary policy.
Reuters reported that a majority of economists surveyed expected a quarter-point hike, which would be the Fed’s first rate increase since 2023.