India, July 29 -- The US Federal Reserve is set to announce its latest interest rate decision on Wednesday, July 29, with investors watching closely for clues on the central bank's next move on inflation and monetary policy.

The Federal Open Market Committee (FOMC), which sets US interest rates, began its two-day meeting on July 28. The committee will announce its policy decision after reviewing key economic indicators, including inflation trends, economic growth and labor market conditions.

The Federal Reserve will release its interest rate decision at 2 pm ET on July 29.

For viewers in India, the announcement is scheduled for 11:30 pm IST on July 29.

Fed Chair Kevin Warsh is expected to address the media after the decision. His pres...