Central bank chair says data will drive decisions
With price pressures easing, Fed officials split over timing of rate cuts amid political heat
U.S. central bank flags weaker growth and inflation risks amid global volatility
Unemployment and inflation remain low, but uncertainty around trade levies remains
Trade war anxieties ease, but sentiment is still down 20% from late 2024
Consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March
Tariffs complicate interest rate decisions, despite Trump's push for lower borrowing costs
Trump’s tariffs fuel concerns about slower growth and higher prices
Economists say higher import duties could reverse recent cooling trend in consumer prices
Too soon to tell if inflation or unemployment poses the greater risk, says head of Richmond branch