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International Business Times
International Business Times
Business

US Fed Set To Hold Rates Steady As It Guards Against Inflation

The US Federal Reserve has kept interest rates unchanged this year, despite President Donald Trump's pressure on the independent central bank and Fed Chair Jerome Powell (Credit: AFP)

The US central bank is expected to hold interest rates steady Wednesday after its key policy meeting, as officials gauge the impact of tariffs on inflation -- and despite President Donald Trump's calls for rate cuts.

The Federal Reserve has kept the benchmark lending rate unchanged this year at a range between 4.25 percent and 4.50 percent, and analysts expect policymakers will remain on the sidelines until price increases cool sustainably.

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