A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.
The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.”
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Federal Reserve policymakers voted Wednesday to hold interest rates steady in its first rate decision of the year.
The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it awaits further inflation and jobs data and more clarity on the economic impact of President Donald Trump's policies before deciding whether to cut borrowing costs again.
These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down further.
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
The Federal Reserve left interest rates unchanged Wednesday as it began a new wait-and-see policy stance amid a cloudy economic outlook and uncertainty over whether some of President Donald Trump’s policies could stymie the fight against inflation.
As was widely expected, the U.S. Federal Reserve held interest rates at current levels following the conclusion of its latest policy meeting.
The US Federal Reserve has left its benchmark interest rate unchanged, due to stubbornly high inflation. US President Donald Trump has voiced his disapproval with this move and accused the central bank of mishandling the economy.
But a category within the GDP data that measures the economy’s underlying strength rose at a healthy 3.2% annual rate from July through September, slipping from 3.4% in the third quarter. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending.