New Delhi, April 28 -- The US Federal Reserve is expected to keep interest rates unchanged at 3.50%-3.75% on Wednesday, 29 April, for the third consecutive time as the stalled US-Iran talks have kept crude oil prices in the higher orbit, raising inflationary pressure globally.

The meeting of the US Federal Open Market Committee (FOMC) is scheduled for April 28-29. While a status quo on interest rates is widely expected, investors' focus is on Fed Chair Jerome Powell's comments after the policy decision. There will be no fresh economic projections or dot plot in the April policy meeting.

This could be Powell's last policy meeting as the Federal Reserve Chairman, with his term expiring on 15 May. The US Department of Justice (DOJ) has end...