economy
January 26, 2026
Fed is likely to hold interest rates steady, resisting Trump pressure. Here’s what that means for borrowers
From mortgage rates to auto loans and credit cards, here’s a look at how the upcoming January Fed decision may affect your finances.
TL;DR
- The Federal Reserve is expected to keep interest rates steady at its upcoming policy meeting.
- Futures markets indicate virtually no chance of a rate cut, despite political pressure from President Trump.
- Mortgage rates are influenced by long-term Treasury rates and have seen some decreases, partly due to government actions.
- Credit card rates are more directly tied to the Fed's benchmark and have fallen, but remain high for those with revolving debt.
- Auto loan affordability is declining as buyers finance larger amounts and interest rates remain high.
- President Trump has been vocal in his criticism of the Fed and has suggested policies like a cap on credit card interest rates.
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