💨 Abstract

The U.S. economy is generally strong, with low inflation and a 4.2% unemployment rate, but faces uncertainty due to Trump's tariffs. The Federal Reserve is expected to keep interest rates unchanged at 4.4% this week and may signal potential rate cuts later in the year. Trump has been pressuring the Fed to cut rates to reduce government borrowing costs, but the Fed is cautious, waiting for clearer signals on inflation and unemployment trends.

Courtesy: WTOP Staff