#FOMCMeeting THE FED TOUGH SUPPORT :

With a divide between hard and soft economic data , interest rate cuts maybe on hold for months.

The Fed likely to hold interest rates steady at its May meeting with Trump's Tarrif having muddied the outlook for the economy .

"Soft" economic data is deteriorating , but "Hard" data still looks strong.

With the Tarrifs impact on economy highly uncertain, market expects the July's interest rate cuts, but some strategies say it could take longer.

Market shuddered after Trump announced sweeping reciprocal Tarrifs on US trading partners on April 2. Inflation is higher than central bankers would like and impact of Tarrif is highly uncertain . FED will hold rates steady 4.25%-4.50% on Wednesday .