BoE expected to ‘talk tough’ but leave rates on hold

Decision comes against backdrop of renewed volatility in energy prices

The Fed is expected to hold interest rates steady when it concludes its two-day meeting today. But Wall Street still says there's a 35% chance Chairman Kevin Warsh could shock markets and hike rates. Bloomberg's Michael McKee has more on what to watch for. (Source: Bloomberg)

The US Federal Reserve is likely to hold rates steady at its meeting today, but the path ahead looks unclear as concerns bubble over stubborn levels of inflation.

The US Federal Reserve is expected to hold rates on Wednesday, although investors were pricing in a 32% chance of an increase on Tuesday night, with analysts describing the decision as the most uncertain in years.

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady on Wednesday (Jul 29), but with surging inflation fuelled by President Donald Trump's war on Iran, analysts say some policymakers will dissent in favour of a rate hike.After two days of closed-door sessions, the Fed's open market committee (FO