Fed Expected to Hold Interest Rates Steady

“The Federal Reserve on Wednesday is set to announce its first decision on the level of interest rates since President Donald Trump last month intensified calls for lower borrowing costs and voiced eagerness about the potential ‘termination’ of Fed Chair Jerome Powell,” ABC News reports.

“Despite pressure from the White House, Powell is widely expected to hold interest rates steady, according to the CME FedWatch Tool, a measure of market sentiment.”