The Federal Reserve meets for the first time since recent high inflation reports dampened hopes it would cut interest rates three times this year.

China’s ruling Communist Party vowed to study measures to digest the nation’s housing stockpile, in a move that could alleviate the property crisis, and hinted at a willingness to cut rates.

Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all.

Interest rates on mortgages and other loans are unlikely to drop significantly anytime soon. The Federal Reserve meets Tuesday and Wednesday to consider the path of key rates in the weeks ahead. While a cut is anticipated sometime this year — most experts had hoped this week — any quick decrease this week is regarded as highly unlikely.