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What To Expect From This Week's Federal Reserve Meeting on Interest Rates
The Federal Reserve is likely to stick to its "wait-and-see" mantra next week, setting it on a collision course with the president. The Federal Reserve is widely expected to hold its key interest rate steady when the central bank's policy committee meets Wednesday, possibly provoking more wrath from President Donald Trump, who has repeatedly demand the Fed, which is not under direct control of the White House, cut its benchmark interest rate
Financial markets early Monday were pricing in nearly a 100% likelihood that the Fed will leave the benchmark rate unchanged this week, according to the CME Group's FedWatch tool, which forecasts rate movements based on Fed funds futures trading data.
Fed Weighing the Impact of Tariffs
In recent weeks, Fed officials have said they're reluctant to lower interest rates from their current elevated levels because they're concerned Trump's tariffs will reignite the high inflation that has fallen to within shooting distance of the Fed's target of a 2% annual rate, after surging in the post-pandemic era. For his part, Trump has frequently browbeaten the Fed for not having cut rates this year, going so far as to call Fed Chair Jerome Powell a "numbskull".
