Explained

The Federal Reserve has little incentive to rush into rate cuts when inflation is still above target, growth remains positive, and the labor market has not cracked. A patient stance reflects both economic caution and the central bank’s desire to avoid repeating past policy mistakes.

Tariffs are often sold as a simple way to protect workers and rebuild industry, but their real effects are more complicated. They can help a narrow set of firms while raising costs, reshaping supply chains, and slowing growth across the wider economy.