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Interest rates remain stuck at 4.25% to 4.50%, unchanged since December, as the Federal Reserve plays for time in a climate of economic unpredictability. Fed Chair Jerome Powell’s unofficial refrain, “Wait and see,” now echoes like a hold message from a central bank that isn’t quite sure what song is playing.
While unemployment remains low, inflation is still running just above the Fed’s 2% target. But there’s an added layer of complication: New tariffs from the Trump administration have made the economic outlook even more unpredictable.
