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International Business Times
International Business Times
Business

The Federal Reserve Is Expected To Keep Rates On Hold. Here's Why Borrowing Costs May Stay High

the Federal Reserve US Federal Reserve Inflation Interest Rates Brett House Donald Trump Jeff DerGurahian Matt Schulz CNBC LendingTree
The consumer price index, a broad measure of inflation, unexpectedly declined in June, bringing the annual inflation rate down to 3.5%. (Credit: Getty Images)

The Federal Reserve is widely expected to leave interest rates unchanged at its July policy meeting, a move that would keep borrowing costs elevated for millions of Americans even as inflation has shown signs of easing.

According to the CME Group's FedWatch tool, investors overwhelmingly expect the Federal Reserve to keep its benchmark interest rate unchanged this week, with many now looking to September as the earliest opportunity for a potential policy shift.

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