Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.

Explore the current interest rates for SBA-backed financing—including 7(a), 504 and microloans—and learn how these compare to traditional loan options

By Ann Saphir Jan 28 (Reuters) - Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the U.

With recent data showing the economy ended 2025 on a strong note and inflation running about 3% annually, above the Fed’s 2% target, analysts believe any more interest rate cuts are unlikely before summer. Markets still are pricing in one or two cuts this year.

Tennessee's effective maximum interest rate is set at 10.75% per annum as of January 27, 2026, linked to the Federal Reserve's average prime loan rate.

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