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.

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

The Fed was already walking a tightrope over a bottomless pit of stagflation before waves of tariffs came to rattle the line.