New Delhi, May 14 -- The US Federal Reserve is likely to keep interest rates unchanged throughout 2026 as rising energy prices and ongoing geopolitical tensions continue to pose upside risks to inflation, according to a report by ICICI Bank.

The report stated that the latest US inflation data supports the Federal Open Market Committee's (FOMC) cautious approach towards monetary policy.

"For FOMC, the release validated the need to acknowledge the upside risks to inflation. We maintain our view of the US central bank maintaining status quo throughout 2026," the report said.

According to the report, inflationary pressures in the United States are expected to remain elevated in the coming months due to high energy prices linked to the ongo...