India, Jan. 30 -- Borrowers hoping for more financial relief from the Federal Reserve may need to wait longer, as the central bank is expected to pause additional rate cuts at its January 29 meeting.

The Federal Reserve will maintain its benchmark rate between 4.25% and 4.5% per FactSet data which shows most experts expect no rate cuts before May.

After three consecutive rate reductions last year the Federal Reserve decided to refrain from further cuts at its upcoming January 29 meeting. Households gained initial cost relief through earlier rate cuts until fears about inflation and emerging economic concerns such as President Donald Trump's proposed tariffs combined with immigration policies resulting in the Fed taking a cautious stance...