New Delhi, Jan. 29 -- The Federal Open Market Committee (FOMC) of the US Federal Reserve is expected to keep interest rates unchanged in its policy announcement on Wednesday night (IST), according to a report by ICICI Bank.

The report suggested that the Fed is likely to maintain a neutral stance on its monetary policy outlook as it assesses the economic conditions in 2025.

It said "FOMC is expected to start 2025 by keeping rates unchanged while providing a neutral guidance on the outlook".

After cutting interest rates by a total of 100 basis points (bps) in 2024 to support economic activity, the Federal Reserve is now expected to start 2025 without making any further changes. The FOMC meeting began on January 28 and will conclude on Ja...