As widely expected, the Federal Reserve left it's key interest rate unchanged Wednesday, staying firmly in "wait and see" mode.

The average rate on a 30-year mortgage in the U.S. rose this week, returning to where it was just three weeks ago.

Even so, the Fed will almost certainly leave its key rate unchanged at about 4.3% when it meets Tuesday and Wednesday. Powell and many of the other 18 officials that sit on the Fed’s rate-setting committee have said they want to see how Trump’s tariffs affect the economy before making any moves.

Policymakers cited economic uncertainty from Trump’s trade war for keeping the Fed funds rate between 4.25% to 4.5% range, where it has been since December.

Federal Reserve Chair Jerome Powell will reveal the central bank's interest rate decision at the conclusion of a critical two-day meeting this week.

The Federal Reserve is finding fewer reasons to get out of its interest rate holding pattern with constantly evolving trade policy from the White House.

These are today's mortgage and refinance rates. If inflation goes up as a result of tariffs, mortgage rates may rise this year.

Forthcoming changes to the Federal Reserve’s rate-setting framework are unlikely to influence officials’ current decisions. But the expected changes acknowledge that the ‘lower-for-longer’ interest-rate era may be over.