Interest rate cuts remain possible at some point, but uncertainty related to huge changes in U.S. trade policy make it hard to know how the economy will fare for now and how the U.S. central bank's rate policy should be adjusted,

Fed policymakers are likely to continue holding rates steady despite a cooler reading on inflation for March, with the risk that prices could pick back up in the coming months as more tariffs are absorbed.

President Trump urged the Federal Reserve to cut interest rates and ripped the head of the independent central bank as new tariffs caused stocks to plunge. In a Friday post on his Truth Social