Federal Reserve officials are expected to leave interest rates steady this week, giving themselves more time to lower inflation and to assess how President Donald Trump’s policies will affect the economy.

The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term.

The Federal Reserve left interest rates unchanged Wednesday amid uncertainty over when borrowing costs for loans, credit cards and auto financing might ease in 2025. The Fed's benchmark rate will stay in a range of 4.