The Fed is likely to hold rates steady with volatile oil prices and poor US jobs performance

Jerome Powell will lead his second-to-last Federal Reserve meeting as chair this week.

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• The Federal Reserve will announce its March interest rate decision on Wednesday afternoon.
• It's likely the FOMC will hold rates steady, especially as the Iran war has sent oil markets into chaos.
• The Fed will also release its first economic projections of 2026.

It's been a tumultuous few weeks for the US economy, and the Federal Reserve is paying attention.