Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected.

Higher inflation and a resilient economy have some wondering if the Fed will cut rates this week. This week will be full of economic data ahead of the Christmas week.

Switzerland’s government slashed its forecast for consumer prices, supporting expectations that the central bank’s out-sized interest-rate cut last week won’t be enough to stop them subsiding.

The Federal Open Market Committee started cutting interest rates in September and that process looks set to continue.

The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.

Armed with consumer and wholesale inflation reports, Wall Street economists predict the Federal Reserve’s favorite price gauge will show just a mild increase in November and justify an interest-rate cut.

Gold gained on Wednesday after an inflation print came in line with expectations, boosting the likelihood of a Federal Reserve rate cut next week, while investors awaited U.S. Producer Price Index (PPI) data for further direction on monetary policy.

The Federal Reserve is expected to cut interest rates for a 3rd straight meeting despite a recent inflation pick-up and solid economy and job market.

How does the Fed set interest rates? Interest is the cost you pay to borrow money, whether that's through a loan or credit card. Lower interest rates mean the percentage you owe o