As the Federal Open Market Committee meets on Tuesday and Wednesday to decide on monetary policy, the interest rate decision will be the most expected item on the list of Federal Reserve watchers’ items of interest.

The average mortgage interest rate on a 30-year mortgage is 6.00% as of April 27, 2026, according to Zillow. The average rate on a 15-year mortgage is 5.50%. While the latter type is holding steady, the former is markedly improved from where it was at the end of March, when it was 6.37%.

Respondents on average are not fully pricing a single rate cut this year.

Federal Reserve officials are expected to leave interest rates unchanged this week at a gathering that’s being overshadowed by the latest twists in a political drama surrounding the leadership handover at the US central bank.

The Fed faces renewed inflation pressure, higher oil prices, and leadership uncertainty, while a cautious policy stance could keep the U.S. dollar supported and shape the next move in EUR/USD, GBP/USD,

One of the big questions surrounding the United States economy in 2026 is what the nominated Federal Reserve chair, Kevin Warsh, will do about interest rates (in coordination with

We may be less than three weeks away from a material shift to the central bank's and Wall Street's narratives.