Federal Reserve Is Likely to Hold Interest Rates Steady This Week. Here's What that Means for Your Money

Fed meets as policymakers are expected to assert their independence amid Trump’s pressure

The Federal Reserve is expected to hold interest rates steady. Investors will be keeping a close eye on Fed officials’ latest economic projections—known as the “dot plot.” Any variance between the most bearish and most bullish officials might hold a key for the future of U.S. monetary policy.  As the Federal Open Market Committee prepares to meet on Tuesday and Wednesday, the financial world largely already knows what to expect: more patience.  …

Federal Reserve is likely to hold interest rates steady this week. Here's what that means for your money

From credit cards and mortgages to auto loans and savings accounts, all sorts of consumer borrowing costs may be impacted by the Fed's decision on rates.

Federal Reserve Expected to Hold Interest Rates Steady amid Political Pressure

Consumers may see continued strain on borrowing costs as Fed resists calls for rate cut. The Federal Reserve is widely anticipated to leave its benchmark short-term interest rate unchanged this week, despite increasing political pressure and persistent economic concerns. Following recent criticism from former President Donald Trump, Fed Chair Jerome...