The Fed is unlikely to cut interest rates in Wednesday announcement

The Fed is unlikely to cut interest rates in Wednesday announcement

Inflation has been cooling since January, and many economists say that without tariffs, the Fed would likely be cutting its rate further.

Federal Reserve confronts inflation data as tariff concerns persist

The Federal Reserve faces a crucial decision today as it evaluates whether recent cooling inflation trends are genuine or merely temporary. Jay Powell's upcoming announcement could signal a shift from his May stance, even as median projections point toward fewer rate cuts in 2025. Recent data paints an encouraging picture. Both headline and core CPI advanced just 0.1% month-over-month in May, extending the disinflationary trend for a third conse…