Fed set to hit pause on interest rate cuts amid Trump’s flurry of economic plans
CNN
Consumers and traders are waiting to learn if the Fed’s expected pause today is a one-meeting hold or the start of a longer stretch.
• The Federal Reserve is expected to hold off on rolling out a fourth-straight interest rate cut Wednesday as inflation remains above target. • It’s the first key decision from the central bank under President Donald Trump’s second term, and comes after Trump said he should have some say in Fed policy. • Fed officials must now determine whether today’s expected pause is a one-meeting hold or the start of a longer stretch. • While the job market is slowing but stable and inflation is mostly lower, Trump’s economic policies and geopolitical threats could lead to higher prices, some economists say. • That could lead the Fed to hold off for longer, or even raise rates to crimp economic growth. Many economists have predicted that significantly higher tariffs, especially combined with the mass deportations President Donald Trump has vowed to implement, have the power to spur higher inflation in the US.
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