Fed expected to leave interest rates unchanged as US GDP exceeds forecasts

The US economy grew faster than expected in the second quarter of 2025, with GDP rising at a 3% annual rate—beating forecasts of 2.5%. Despite this strong performance, the Federal Reserve is likely to keep interest rates steady today, even as former President Trump ramps up pressure to cut them. Trump has publicly criticized the Fed chair, calling him a "numbskull" and blaming high rates for making homebuying harder.