Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook.

Expectations for the next interest rate cut by the Federal Reserve keep changing, in the backdrop of continued tariff uncertainty and fiscal concerns. For now, the Fed will likely stick to its wait-and-see stance for the next few months.

The Personal Consumption Expenditures price index for April rose 2.1% on an annual basis, closer to the Fed’s target inflation rate of 2%.

Atlanta Fed President Raphael Bostic explained it would take time for the central bank to fully understand the economic effects of the White House’s new tariff policy. Because of that prolonged process,

Federal Reserve Bank of Dallas President Lorie Logan signaled it may take a while before officials know how the economy will respond to tariffs and other policy changes and thus how they should adjust interest rates. In prepared remarks for an event in Waco, Texas on Thursday, Logan outlined a variety of risks to the economic outlook.

The Fed hasn't adjusted interest rates this year, and isn't expected to make a move for months. Yet today's highest CD rate is better than you could score last week.

April's PCE report signals disinflation as core PCE rises 0.1% MoM. Service inflation eases, but housing risks remain.

Fed believes that it is appropriate to wait before changing the federal funds rate, as the tariff policy and its effect on the economy is highly uncertain. Overall, the Minutes did not contain major surprises. The central bank needs more time to assess the impact of Trump’s tariff policy, so it will not hurry to change rates.

A U.S. court's ruling suspending most of President Trump's 2025 tariffs could delay inflation increases via the consumer-price index to a July to September timeframe, according to TD Securities. Those

Director William Pulte urged Federal Reserve Chair Jerome Powell to reinstate the central bank's interest rate cuts.