Minutes from a meeting of the Federal Reserve Bank leaders, which was held in early May and released on May 29, show the central bank voted to undertake open market operations “as necessary” to maintain the federal funds rate in a target range of 4.

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

Federal Reserve Bank of Chicago President Austan Goolsbee said a resolution in trade policy could push the US economy back toward its pre-tariff trajectory, allowing officials to lower interest rates.

The Fed is expected to leave interest rates unchanged Wednesday, choosing caution as President Trump’s trade upheaval rattles markets and clouds the outlook for inflation and growth.

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.

Fed chair Jerome Powell. (ANDREW CABALLERO-REYNOLDS /AFP via Getty Images) The Federal Reserve is expected to keep interest rates steady at its policy committee meeting ending March 19 ...

The Federal Reserve kept interest rates unchanged at 4.3 percent on Wednesday ... 2025 in Washington, D.C. AFP/Getty Images It's rare for the Fed to warn of heightened risks of both inflation ...

The latest data from the Bureau of Labor Statistics confirm that the Federal Reserve has made a lot of progress on inflation.