Fed expected to hold interest rates steady, defying pressure from Trump

The Federal Reserve is set to announce its latest interest rate decision, with investors expecting it to hold rates steady, despite President Trump’s call for a reduction.

This would pause a series of rate cuts that began in late 2024.

While inflation has slowed, it remains above the Fed’s target.

Trump has urged the Fed to lower rates, citing the potential for falling oil prices, though he has no influence over OPEC’s decisions, ABC News has reported.

read more: https://abcnews.go.com/Business/fed-expected-hold-interest-rates-steady-defying-pressure-trump/story?id=118175314

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