President Trump's closest confidants no longer expect him to imminently announce he's running in 2024, three sources who've recently discussed the matter with the president tell Axios.

Driving the news: Trump doesn’t want to announce a run before Jan. 20 — an idea he had initially toyed with — because it would show his base he’s given up his fight to overturn the election.

• And while Trump definitely wants to hold out the possibility of running, he is not sure he wants to go through the official FEC process anytime soon, a person familiar with Trump’s thinking said.