The Federal Reserve keeps short-term rates the same in July, holding rates as is for the fifth meeting in a row. What's next for interest rates?

The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell's comments after the decision undercut confidence that borrowing costs would begin to fall in September,

Trump has been less than subtle in urging the Fed to cut the rates it controls. Powell, in what has been a rare pushback against Trump among federal policymakers, insists it’s still too early to cut rates.