Economists have shifted back their forecasts for lower borrowing costs as President Trump’s tariffs raised the risk of higher inflation and slower growth.
The central bank stuck to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth.
The U.S. central bank is widely expected to stick to a wait-and-see approach as officials brace for President Trump’s tariffs to stoke higher inflation and slower growth.