- The Federal Reserve remains in a cautious holding pattern as heightened economic uncertainty—driven in part by volatile trade policies—has led the FOMC to unanimously maintain interest rates at 4.25% to 4.5%. Despite inflation nearing the 2% target and steady unemployment, the Fed continues its wait-and-see approach given growing risks of both recession and inflation, particularly from potential tariff impacts.
Jerome Powell’s job would be considerably easier if he were in possession of a crystal ball—but unfortunately, there’s no telling when America’s economic volatility will begin to settle.
