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Fortune
Fortune
Eleanor Pringle

War, tariffs, and Trump: What members of the FOMC will be thinking as they finalize their base rate decision today

Jerome Powell, chairman of the US Federal Reserve (Credit: Al Drago—Bloomberg/Getty Images)
  • ANALYSIS: The Federal Reserve is widely expected to keep interest rates steady at 4.25% to 4.5% amid heightened uncertainty from Middle East tensions, volatile oil prices, tariff disputes, and a recent U.S. debt downgrade by Moody’s, all of which complicate the economic outlook and policy decisions. Despite political pressure from President Trump to cut rates, analysts anticipate the Fed will maintain its cautious, data-driven approach, holding off on cuts until there is clearer evidence of economic weakness or easing inflation.

If members of the Federal Open Market Committee (FOMC) were hoping to meet with some greater clarity this month, they will be sorely disappointed.

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