The Federal Reserve is expected to keep interest rates unchanged to allow time for evaluating the impact of Trump's policies

Odaily Planet Daily News: The Federal Reserve is expected to keep interest rates unchanged this week, leaving more time for itself to reduce inflation and assess the impact of President Trump's policies on the economy. The Federal Reserve has cut interest rates three times in a row since September, with a cumulative reduction of 1 percentage point. At present, the benchmark interest rate range of the Federal Reserve is between 4.25% and 4.5%. Several decision-makers have stated that they expect the number of interest rate cuts to decrease this year, as data shows that the US economy is performing steadily and inflation is more stubborn than expected. The December data for the personal consumption expenditure price index, the inflation indicator favored by the Federal Reserve, is scheduled to be released on Friday. EY Chief Economist Gregory Daco said that the Federal Reserve "will pause interest rate cuts this week and they hope to retain as many options as possible to further adjust the federal funds rate this year