The Federal Reserve will announce its latest policies today after meeting for the first time with the Trump administration.
Previously, Trump signaled his desire to lower interest rates, hoping to drop them to 2% during his term.
However, borrowers may have to wait for further cuts, as analysts predict the Central Bank will hit a pause on additional rate cuts at today’s meeting.
The benchmark rate, currently between 4.25% and 4.5%, is expected to remain unchanged until the Fed’s March 19 meeting.
In December, Jerome Powell hinted that the public should expect fewer cuts in 2025, indicating that inflation will stay above the Central Bank’s goal of an annual 2% rate.
Economists believe The Fed will proceed cautiously with the Trump administration and wait to see how new tariffs and deportations will affect inflation.
By CEO NA Editorial Staff
