The market is waiting for the Fed’s decision to hike rates on Wednesday but expectations say that the Federal Reserve will keep the interest rates unchanged to see how Trump’s policies are going.
The U.S. President has promised a large infrastructure spending programs, lower taxes, regulations easing and a renegotiation of trade deals but he did not say the details of or give a timeline of his plans since his victory in the November 8 election.
The central is having a two-day meeting to declare their latest policy decision at 2 pm EST(1900GMT). Fed Chair Janet Yellen is not due to hold a press conference.
The Fed raised the interest rates in December for the first time in a year to a target range between 0.5 percent and 0.75 percent which is still historically low but Fed officials signaled three rate hikes in 2017.
Yellen emphasized that the U.S. economy is near full employment and warned of a “nasty surprise” of inflation of the Fed is too slow with its rate hikes.