Federal Reserve officials are split on whether to slash interest rates as President Donald Trump favors rate cuts based on his claim that the nation’s economy is thriving.

A federal judge on Monday denied a request by a Donald Trump ally to force the Federal Reserve committee responsible for directing US monetary policy to make its meetings publicly accessible and accused an investment firm of wasting the court’s time.

Local banks say businesses are still taking out loans, despite elevated interest rates. In some cases, that's because they don't want to wait for rates to fall.

Bitcoin price was stuck in a tight range today, July 29, as most market participants focused on the upcoming Federal Open Market Committee (FOMC) decision

Federal Reserve governor Adriana Kugler will not attend this week's meeting of the central bank's interest-rate committee, a Fed spokesperson said. Kugler will be absent due to a personal matter, the spokesperson said,

The consensus view is that the Fed will hold interest rates steady in its July meeting; however, there seems to be a push for a signal cut of .25% among economists, and even some Fed board members. We will be watching whether the July hold is unanimous, or if one or two members dissent.

The Agency founder and CEO Mauricio Umansky discusses record home prices in the United States and why the Federal Reserve should cut interest rates on ‘America Reports.’

The Fed is seen as virtually certain to leave interest rates unchanged despite intense pressure from President Donald Trump and his allies on Chair Jerome Powell to deliver a cut.