It was the first meeting of the FOMC since former President Donald Trump’s election victory. Policymakers have said repeatedly that the Fed is apolitical and that their calls on interest rates are driven by economic conditions.

The FOMC is expected to cut the Fed funds rate by 25 basis points, a move heavily anticipated by the market. See if election results would impact Fed's decision.

Since its inception in 1976, Bankrate has been the top source for information on interest rates and the Federal Reserve. With the Fed expected to cut its key borrowing benchmark for the second consecutive meeting, follow along to see what our expert staff of reporters, writers, editors and financial analysts are watching.

Markets expect the Federal Open Market Committee to cut interest rates again by 0.25% on November 7 with a larger cut currently viewed as unlikely.

The Fed cut rates for the second time this year. Learn how this impacts mortgage rates and what to expect in the coming months.

The Federal Reserve lowered rates again but economists worry that Donald Trump’s victory could reignite inflation in 2025.

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point.