There is a strong rationale for the Fed to raise rates in December, with further hikes in 2019 looking less likely as trade tensions between the United States and China continue to heat up amid a global economy that is showing significant signs of cooling down.
Trump fired off two such tweets this week in the run-up to the Fed meeting.
-China trade war, still-mild inflation, stomach-churning drops in stock prices - may have left Fed officials weighing a shift in policy.
Uncertainty mounts as United Kingdom leader seeks to delay key Brexit vote
Theresa May has been fighting to rally support for her Brexit agreement which MPs were expected to vote for on Tuesday evening. MPs successfully called for a 3-hour emergency debate on the situation Tuesday.
President Donald Trump fired the latest salvo on December 17 in his campaign to pressure Federal Reserve Chairman Jerome Powell to hold interest rates steady. Similar cycles of rate increases previously have resulted in stock-market crashes or economic recessions.
"Every time we do something great, he raises the interest rates", Mr. Trump said in an October 23 Oval Office interview with The Wall Street Journal, adding that Mr. Powell "almost looks like he's happy raising interest rates".
With U.S. markets showing signs of volatility in recent weeks, Trump has made a decision to stay on offense, touting every victory he can find.
It has raised the rate nine times since 2015, most recently in September, when it increased to 2% to 2.25%. This means the Fed will raise rates by 25 basis points and indicate that going forward, the policy will be data-dependent.
"I just don't think of it", said Mary Daly, president of the San Francisco Fed, in an appearance last week on PBS NewsHour.
British PM Theresa May survives vote of confidence
He was confident voters would choose to remain, but on June 23, 2016, they voted by 52 per cent to 48 per cent to leave. Britain is seeking "reassurances" that the backstop will be temporary. "We wanted fundamental legal text changes".
Central bankers are ending the year with a flurry.
The Wall Street Journal editorial said the main argument for a rate pause was that the Fed was unwinding the biggest monetary experiment in history - the prolonged period of zero interest rates and the bond-buying programme known as quantitative easing. Powell will speak at a news conference at 2:30 p.m.
Powell, who was Trump's choice to lead the Fed, has endure increasing public attacks from the president.
China summons Canada envoy over detained Huawei exec: state media
She was arrested while changing planes in Vancouver and is facing extradition to the United States. Should a judge agree to extradite Meng, she would have multiple chances to appeal the decision.