A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.

As was widely expected, the U.S. Federal Reserve held interest rates at current levels following the conclusion of its latest policy meeting.

Federal Reserve policymakers voted Wednesday to hold interest rates steady in its first rate decision of the year.

These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down further.

The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.

Welcome to Investopedia's live blog of the Federal Reserve's January meeting. Here, we will bring you the latest news on the Fed's decision, explain what it means, and provide analysis.

The Federal Reserve left interest rates unchanged Wednesday as it began a new wait-and-see policy stance amid a cloudy economic outlook and uncertainty over whether some of President Donald Trump’s policies could stymie the fight against inflation.

Many economists have felt relief over continued GDP growth. But ongoing data releases suggest that the foundation of the economy — consumer spending — isn’t sustainable.

But a category within the GDP data that measures the economy’s underlying strength rose at a healthy 3.2% annual rate from July through September, slipping from 3.4% in the third quarter. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending.

Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.