The US central bank announces its tenth rate rise, while signalling it may be the last increase for now.

All eyes are trained on the Federal Reserve as it prepares to announce another potential interest rate hike Wednesday afternoon -- exactly 10 days after the Biden administration stepped in with dramatic emergency actions to contain the fallout from two bank failures.

The Federal Reserve will decide whether and by how much to raise interest rates this week at a moment when its path ahead is newly fraught.

The Biden White House is once again rooting for a Goldilocks jobs number on Friday, as the Federal Reserve considers increasing its pace of interest rate hikes in the coming weeks as a part of its ongoing efforts to tame inflation.