A big week for the Fed, probably not a big week for interest rates.

From Marketplace, I'm Sabree Benashore, in for David Brunkhachio.

The Federal Reserve's Open Market Committee meets tomorrow and Wednesday for its fourth interest rate setting

meeting of the year. This is how the Fed fights inflation by adjusting interest rates.

Higher rates bring inflation down, but they also cool the economy down, it's a balancing act we can say with

almost total certainty that this time around the Fed will do nothing to those

interest rates it'll most likely keep the federal funds rate at 5.5%

where it has been since July of last year and recent news on the job market is not

likely to change the Fed's thinking as Marketplace's Mitchell Hartman reports.

The May jobs report was a mixed Fed's thinking as Marketplace's Mitchell Hartman reports.

The May jobs report was a mixed bag, strong job growth coupled with higher unemployment.

Economist Juletova at BMP Paribba says that won't dissuade the Fed from staying the course.

Even if we have some yellow flags, the Fed will take this as a sign that they can remain patient to really ensure inflation is getting to the place

where they want it to be.

There are signs high rates are starting to hobble economic growth, says Jobruzuelas at consulting firm

RSM.

I am concerned that the Fed will overdo it.

Keep rates just so high that elevated financing costs which are now beginning to really bite on consumers

spilled over into the broader business sector.

Bruce Willis says there is an upside to high interest rates a stronger dollar which will go

further say in Paris where Bruce Willis will be watching the Olympics and

commenting on the July jobs report this summer. I'm Mitchell Hartman for Marketplace.

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