US Interest Rates, Sept. 14 -- Amid rising crude oil prices, thanks to the renewed tensions between the US and Iran, and heightened concerns of inflation, all eyes are on the US Federal Reserve, which will announce its monetary policy on Wednesday, 16 September, along with the updated economic projections, which include the Fed Dot Plot.

The US Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, given the rise in inflation. The worst is that inflation is expected to remain elevated in the near future because of higher energy prices amid the ongoing conflict between the US and Iran.

In its last policy meeting, the US central bank kept benchmark rates unchanged in a target range between 3.5% and 3.7...