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International Business Times
International Business Times
Business

US Fed Set To Hold Firm Against Trump Pressure

US Federal Reserve Donald Trump Diane Swonk Jerome Powell United States Gregory Daco Interest Rates KPMG
The Federal Reserve is expected to hold interest rates steady for a fifth straight meeting despite President Donald Trump's pressure to cut levels (Credit: AFP)

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

The Federal Reserve's decision, due to be announced at 2:00 pm US eastern time (1800 GMT), comes amid a flurry of data releases this week, including an early estimate of second quarter economic growth.

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