What To Watch For. Beyond any potential fireworks from Powell amid the Trump barrage directed at him, the most critical update from this week’s Fed conclave will be the release

The Trump administration’s tariffs so far haven’t flowed into U.S. inflation data in a big way, but that seems unlikely to move the Federal Reserve from its wait-and-see approach on interest rates as investors await the outcome of its policy meeting this week.

Interest rates for credit cards to mortgages jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.