The Federal Reserve is likely to keep interest rates on hold in the near term following another inflation reading that didn't make things any easier for the central bank. A new look at the Consumer Price Index (CPI) for April showed that prices remained sticky despite some signs of cooling,

Recent inflation data point to continued progress toward meeting the U.S. Federal Reserve's 2% inflation goal, but the outlook is now uncertain due to the possibility new import taxes will drive prices higher,

Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider lessons from the pandemic and an uncertain future.