Inflation clouds Fed decision despite hold expectations

Wait 5 sec.

The US Federal Reserve is expected to maintain current interest rates on Wednesday. Analysts anticipate some policymakers may dissent, advocating for a rate increase. Surging inflation, fueled by President Donald Trump's actions, is a significant concern for many. Policymakers worry about inflation expectations becoming unmoored from the two percent target. The central bank aims to prevent a repeat of past inflation episodes.