If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet.

The decision reflects a cautious stance as the Fed assesses the direction of inflation and policies President Trump may implement.

Policy changes: When the Fed adjusts the federal funds rate, it spills over into many aspects of the economy, including mortgage rates. The federal funds rate affects how much it costs banks to borrow money, which in turn affects what banks charge consumers to make a profit.