US Fed Meeting LIVE: FOMC announcement today; 25 BPS hike in focus - Check timings and other details

US Fed Meeting LIVE: The two-day US Fed meeting concludes today, and the US central bank is expected to raise interest rates for the first time in three years. The 12-member committee will announce its decision at 18:00 GMT, or 11:30 PM Indian Standard Time (IST).US Fed meeting date and timeThe US Fed meeting began on September 15, 2026, and will conclude on September 16, 2026. The 12-member committee will announce its decision on interest rates at 11:30 PM (IST). Consequently, people in India can tune in to the speech by US Fed Chairman Kevin Warsh, which is expected to begin around 11:30 PM.Focus on US Fed RatesThe US central bank has kept US Fed rates steady since January 2026. It had decided to wait to assess the impact of the sudden surge in energy prices and to observe how the effects of tariffs on prices would permeate the economy. However, during the previous US Fed meeting, one-fourth of the voting members called for an immediate hike in US Fed rates, a stance that differed from the opinion of the other nine voting members.Therefore, the market anticipates a rate hike at the September meeting. Amid concerns over persistent inflation, the market is expecting a 25-basis-point (BPS) rate hike. If this occurs, it will mark the first increase in US Fed rates since 2023, when Jerome Powell, preceding Kevin Warsh, led the central bank's campaign to raise rates following the pandemic.