US Fed meeting, June 16 -- The US Federal Reserve will commence its two-day monetary policy meeting today, 16 June, during which policymakers will review the economic outlook and deliberate on the future path of interest rates.

The rate-setting Federal Open Market Committee (FOMC), which convenes eight times a year, evaluates crucial indicators including inflation, economic growth, and labour market conditions before deciding on the federal funds rate.

This will mark Kevin Warsh's first Federal Reserve policy meeting, wherein the US central bank is widely expected to leave interest rates unchanged.

The announcement will also come after the US and Iran have reached an initial deal to end their war, which could eventually cool inflation....