Key Takeaways The Federal Reserve is widely expected to keep its interest rate flat at Wednesday's policy meeting.Fed officials are reluctant to make any monetary policy moves while they wait to see what President Donald Trump's economic policies will be enacted and how they'll affect the economy.

Although inflation receded last month, an escalating trade war threatens to cause prices to rise on a wide range of consumer goods going forward.

When the FOMC meets next week, members will have more to consider than inflation rate targets and the job situation. See why Fed will unlikely change rates.