Key Takeaways The chances that the Federal Reserve will cut its influential interest rate in the next few months have diminished as data on the labor market has shown hiring staying resilient.Financial markets now expect the Fed to hold rates steady at least through July,

The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.

Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook.