The Federal Reserve is likely to hold interest rates steady this week. Here’s what that means for your borrowing costs

Published Tue, May 6 20257:00 AM EDT

By: Jessica Dickler

watch nowVIDEO04:34Fed isn’t losing control of inflation or inflation expectations, says Roth Capital’s Michael Darda

On the heels of a stronger-than-expected jobs report and elevated inflation readings, the Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting this week — despite pressure from President Donald Trump.

“Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!” Trump said in a Truth Social post Friday. LEARN MORE…

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