Will the Fed cut rates? Here's what to expect at Wednesday's meeting.

The Federal Reserve will announce its third rate decision of 2026 on Wednesday, as officials confront rising inflation , a lackluster job market and what is likely to be Jerome Powell's final meeting as chair. The overwhelming consensus among economists is that the Federal Open Market Committee, or FOMC, will hold rates steady. On Tuesday, the CME Group's FedWatch tool showed a 100% probability that the Fed will keep its target rate within its current range of 3.5% to 3.75%. …