US Fed interest rate decision expected as traders price in hike

The United States Federal Reserve concludes its two-day meeting to announce its interest rate decision at 11:30 pm IST on September 16, followed by a media address from Fed Chair Kevin Warsh.

Markets are pricing in a greater than 90% chance of a 25 basis-point rate hike, which would mark the first increase since 2023.

A potential rate hike could increase Treasury yields, add upward pressure on borrowing costs, and weigh on consumer budgets amid ongoing energy price shocks.