On April 29, 2026, the US Federal Reserve is expected to announce its decision to keep interest rates steady at 3.6% for the third consecutive meeting. This decision comes amid rising inflation, which has reached 3.3%, largely driven by increased energy prices due to geopolitical tensions. Investors will closely monitor Chair Jerome Powell's remarks during the post-meeting press conference for insights into future monetary policy, particularly regarding potential rate cuts later this year. Powell's future at the Fed is also under scrutiny, as he may choose to remain on the Board of Governors after his chair term ends on May 15. The Fed's decisions significantly impact global markets, and any unexpected tone from Powell could affect Indian equities, the rupee, and gold prices when markets open on April 30.