The Federal Reserve will announce its latest interest rate on Wednesday when Fed Chair Jerome Powell will host what may be his final news conference as the leader of the central bank, with his term as chairman due to expire next month. The Federal Open Market Committee (FOMC), the Fed panel responsible for interest rate moves, is widely expected to leave the benchmark federal funds rate unchanged at the current target range of 3.5% to 3.75% amid concerns about elevated inflation above the Fed's 2% target, w ...