US Fed Set To Hold Rates Steady In The Face Of Trump Pressure

The US Federal Reserve is widely expected to keep interest rates between 4.25 percent and 4.50 percent at its June meeting (Credit: AFP)

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.

While the independent Federal Reserve has started lowering rates from recent highs, officials have held the level steady this year as Trump's tariffs began rippling through the world's biggest economy.