US Fed Meeting LIVE Updates: All eyes on Chair Kevin Warsh as FOMC set to announce its rate cut decision tonight

US Fed Meeting LIVE Updates: The US Federal Reserve is set to announce its interest rate decision today (July 29) as the central bank concludes its two-day monetary policy meeting. The Federal Open Market Committee (FOMC) is widely expected to keep the benchmark interest rate unchanged, with investors closely watching Fed Chair Kevin Warsh’s comments for signals on the future path of rates.

Before arriving at its decision, the FOMC will review a range of economic indicators, including inflation, economic growth and labour market conditions. The July meeting also marks Federal Reserve Chair Kevin Warsh's second policy meeting since taking over as head of the US central bank.

Inflation has remained above the Federal Reserve's 2% target for more than five years. Earlier this month, Warsh told Congress that he had "no tolerance" for elevated inflation, reinforcing the central bank's continued focus on price stability.

Watch this space for all the Live updates.