Fed Policymakers Expected to Keep Rates Steady as Tariffs Roil Outlook
The Federal Reserve will doubtless leave interest rates unchanged on Wednesday, but the meeting may be the last where the outcome is so cut and dry with President Donald Trump's tariffs casting a shadow of uncertainty over the economic outlook.
Trump's erratic rollout of the steepest U.S. tariffs in a century has tanked consumer and business sentiment, squeezed manufacturing, and prompted a preemptive rush on imports so big that U.S. gross domestic product output shrank unexpectedly last quarter.
A stampede of U.S. companies, including McDonald's, General Motors, and Apple, has warned of big hits to earnings as...
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