Federal Reserve Prepares Interest Rate Announcement Amidst Presidential Commentary

Why it matters locally: Changes in federal interest rates directly influence borrowing costs for North Carolina businesses and individuals, impacting everything from mortgages to business loans. This can affect the state's key industries and overall economic growth.

WASHINGTON – The Federal Reserve Board is scheduled to reveal its next interest rate decision on Wednesday. Economists and investors across Wall Street largely predict the central bank will increase rates. President Donald Trump has expressed a differing view. He has publicly stated his desire for the Federal Reserve to cut interest rates.