The meeting on Tuesday and Wednesday this week is the last Fed rate decision before Biden leaves the White House on January 20, handing the keys back to the Republican Trump for a second term, and ana

When the Fed last published its quarterly outlook in September, for instance, a solid majority on its monetary-policy committee projected that their most important inflation gauge would retreat to 2.2% next year.

While the Federal Reserve is expected to cut its key interest rate next week, stubborn inflation could pressure the central bank to keep rate cuts few and far between next year.

President-elect Donald Trump has shut down speculation about removing Jerome Powell from his position as Federal Reserve Chair. These speculations come from him saying during campaign that he would take over the central bank and be in charge of the economy himself.

Borrowing rates remain high going into 2025, and experts say this could be the last rate cut for a while. Financial markets are betting that the central bank will slow the pace of

Fed "can afford to be more cautious as it lowers rates." The conundrum will color the Fed's December meeting. It starts Tuesday and ends Wednesday when the Fed is expected to cut its current key federal funds rate to 4.

Key Takeaways The Federal Reserve is widely expected to cut its key interest rate on Wednesday, but plans for future cuts are much more up in the air.Fed officials could give some insight into how the central bank is digesting recent economic data showing stubborn inflation and a resilient but still-cooling labor market.