While a status quo on interest rates is widely expected, the focus is on Fed Chair Jerome Powell’s comments after the policy decision. There will be no fresh economic projections or dot plot in the April policy meeting.

The Federal Reserve is holding rates steady, which means consumers should prioritize paying off their high-interest debt.

Federal Reserve officials are expected to leave interest rates unchanged this week at a gathering that’s being overshadowed by the latest twists in a political drama surrounding the leadership handover at the US central bank.

As the Federal Open Market Committee meets on Tuesday and Wednesday to decide on monetary policy, the interest rate decision will be the most expected item on the list of Federal Reserve watchers’ items of interest.

Respondents on average are not fully pricing a single rate cut this year.

The Fed faces renewed inflation pressure, higher oil prices, and leadership uncertainty, while a cautious policy stance could keep the U.S. dollar supported and shape the next move in EUR/USD, GBP/USD,

Want to buy a home or refinance your current one? Here are the mortgage interest rates to know right now.