The US Federal Reserve's policy meeting commences amidst concerns over high inflation. With inflation exceeding 2%, experts foresee no rate cut, aiming to avoid exacerbating inflation amid economic slowdown. Recent data reveals a 3.5% year-on-year rise in consumer prices, surpassing expectations. Despite a sluggish GDP growth rate of 1.6%, the Fed is cautious due to escalating inflationary pressures. Anticipated to maintain interest rates at 5.5%, the Fed's decision is closely monitored for insights into tackling the growth-inflation balance.