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Federal Reserve doesn’t budge on interest rates as Trump tariff uncertainty still reigns
fortune.com/2025/05/07/federal-reserve-interest-rates-trump-tariff-uncertainty
Nearly all of Wall Street anticipated the Fed would stand pat on monetary policy as current economic data remains relatively strong. An eventual worst-case scenario would involve tariffs causing “stagflation,” the dreaded combination of higher prices and rising unemployment that puts…
This story appeared on fortune.com, 2025-05-07 18:03:15.