Fed Likely to Leave Rates Unchanged as It Awaits More Data, Clarity on Trump Policies

FEDERAL RESERVE - WASHINGTON. The Federal Reserve is expected to hold interest rates steady on Wednesday as it awaits further inflation and jobs data and more clarity on the economic impact of President Donald Trump's policies before deciding whether to cut borrowing costs again.

Trump, who has already said interest rates should be lowered regardless while asserting he knows more about the matter than Fed policymakers, has in his first week in office provided a sample of the potential disruption ahead.