On March 17 and 18, 2024, the US Federal Reserve is anticipated to maintain its key lending rate unchanged in its upcoming announcement, amidst an uptick in inflation. This decision comes as the market and consumers await updates on interest-rate forecasts, with many looking forward to potential rate cuts. Recent discussions among policymakers have focused on the timing for initiating these cuts as part of the Fed's ongoing efforts to combat inflation. However, there is a growing sentiment that the Fed might need to reassess its outlook on rate reductions due to the persistent inflationary pressures, signaling a possible shift in strategy.