The Federal Reserve is widely expected leave its benchmark interest rate steady this week, but economists and market participants will be keeping a close eye on what Fed officials say about the state of the economy and the outlook for rates.

The rate-setting Federal Reserve did not heed Trump’s insistence last week demanding “interest rates drop immediately.”

Follow live coverage of the January FOMC meeting, interest-rate announcement, and Fed chairman Jerome Powell's press conference.

The Federal Reserve's Federal Open Market Committee (FOMC ... After the job report, The CME Group's FedWatch tool put the odds of a cut after the first meeting at just 2.7%.

“I’ll demand that interest rates drop immediately,” Trump said during a virtual address at the World Economic Forum in Davos, Switzerland on Jan. 23. He later vowed to “put in a strong statement” with the Fed on the topic, confirming he expected that officials would listen.

But the president should not hold his breath. According to the CME Group's Fed Watch Tool, there is almost no chance of a rate cut. According to the CME Group's FedWatch tool this week, the Fed will hold its key federal funds rate at 4.25% to 4.5%, a level set in December. There may not be a rate cut until June.

At the Federal Reserve’s first meeting in 2025, consumers are going to want what Fed Chair Jerome Powell simply can’t give them: An answer to how much longer interest rates are going to stay high.

Traders in the federal-funds-futures market were pricing in a greater probability that the Federal Reserve may keep its rate-cutting cycle on pause at its next meeting in March, as they assessed the Fed’s new policy statement released at 2 p.

Since the FOMC is responsible for setting interest rate policy at the Fed, Wall Street watches each SEP very closely. In the September SEP, the FOMC forecast five potential interest rate cuts in 2025, but that forecast was reduced to just two cuts in the December SEP.

Furthermore, Bitcoin and its levered play MicroStrategy fell as CME futures opened and ... interest rates for the upcoming Jan. 31 Federal Open Market Committee (FOMC) decision.

However, if the CME Group ... market conditions eased compared to early 2024, while the unemployment rate remained low. Despite inflation being somewhat elevated above its 2% target, the Committee ...

If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet.