Market participants on Thursday pushed up their expectations for Federal Reserve interest rate cuts this year. Read more here.

Shana Orczyk Sissel, founder and CEO of Banríon Capital Management, says she believes the U.S. Federal Reserve will continue to "stand pat" on interest rates, noting the economy "seems to be doing quite well." EXCLUSIVE: Guardiola dreams of World Cup glory but has no plans to leave City

Gold rose after another soft inflation report bolstered bets that the Federal Reserve may need to cut interest rates later this year.

Gold prices jumped on Thursday as President Donald Trump's tariff pledge boosted the appeal of safe havens and investors bet that steady inflation will enable the Federal Reserve to cut interest rates later this year.

Trump called the May Consumer Price Index a “great” number and wrote on Truth Social that the “Fed should lower one full point. Would pay much less interest on debt coming due. So important!!!"

President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H. Powell.

Consumer prices showed little sign of tariff-related increases for the third month in a row, defying expectations of a significant rise in inflation tied to ongoing U.S. trade wars.

U.S. Treasury yields are set to decline further according to bond strategists who are clinging to expectations the Federal Reserve resumes cutting interest rates after pausing for more than half a year even as dealers are set to underwrite a deluge of new supply.

So far this year, the Federal Reserve has kept interest rates steady. But when will that change, and how could it impact what you earn on your savings?