Federal Reserve Prepares Interest Rate Announcement Amidst Presidential Commentary

Why it matters locally: Potential interest rate changes by the Federal Reserve could influence borrowing costs for Maine businesses, including those in the state's key industries, and affect housing affordability for residents across the state.

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.