From Yahoo Finance: 2025-06-13 17:44:00

The Federal Reserve is expected to maintain its benchmark interest rate this week to counter inflation, despite President Trump’s calls for a cut. Financial markets predict a 3% chance of a rate decrease. Fed officials are cautious due to concerns that tariffs could reignite inflation, affecting the economy and job market.

Recent economic data showing a stable job market and low inflation supports the Fed’s decision to wait. The fed funds rate impacts interest rates on loans and credit cards, with the Fed using it to influence the economy. The Fed has kept rates steady since December due to economic uncertainty caused by Trump’s policies.

Read more: What To Expect From Next Week’s Federal Reserve Meeting on Interest Rates