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The Independent UK
The Independent UK
National
Christopher Rugaber

'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

Canada G7 Summit - (ASSOCIATED PRESS)

The U.S. economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of angst.

As the Fed considers its next moves during a two-day meeting this week, most economic data looks solid: Inflation has been steadily fading, while the unemployment rate is still a historically low 4.2%. Yet President Donald Trump's widespread tariffs may push inflation higher in the coming months, while also possibly slowing growth.

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