Fed meeting live updates: Federal Reserve expected to hold rates steady, share outlook amid Iran oil shock

Group 1 - The Federal Reserve is expected to keep interest rates unchanged at the end of its two-day policy meeting, with a focus on the impact of the Iran conflict on inflation and economic growth [1][2] - Current market expectations indicate that the Fed will not cut rates until October or December, maintaining rates in the 3.5%-3.75% range [2] - The Fed will release its first Summary of Economic Projections for 2026, which will include forecasts on economic growth, inflation, and interest rates [2] Group 2 - Fed Chair Jerome Powell is anticipated to emphasize the Fed's decision to remain on hold while monitoring the effects of rising oil prices during his press conference [3]