The Federal Reserve is expected to keep the Interest Rate unchanged to allow time to assess the impact of the Trump administration's policies.

Odaily Star Daily News According to reports, the Federal Reserve is expected to maintain the Intrerest Rate this week, giving itself more time to drop inflation and evaluate the impact of President Trump's policies on the economy. The Federal Reserve has cut interest rates three times since September, with a cumulative reduction of one percentage point. At present, the Federal Reserve's Benchmark Intrerest Rate range is 4.25% to 4.5%. Several decision-makers have said they expect the number of interest rate cuts to decrease this year, as data shows that the US economy is performing well and inflation is more stubborn than expected. The inflation index favored by the Federal Reserve, the Personal Consumption Expenditure Price Index, is scheduled to be released on Friday for December. EY's chief economist Gregory Daco said that the Fed will 'pause the drop in interest rates this week, hoping to retain as much flexibility as possible for further adjustments to the federal funds Intrerest Rate this year.' (FX678)