Fed policymakers expected to keep rates steady as tariffs roil outlook

The Federal Reserve is expected to hold interest rates steady this week amidst economic uncertainties brought about by tariffs imposed by President Trump. Job growth remains strong, allowing the Fed to adopt a cautious approach in decision-making.

While two rate cuts were initially projected for this year, many economists now believe it may be delayed until July 2025, contingent on the economic impact of tariffs becoming clearer.