The Federal Reserve is likely to keep interest rates steady at 4.25% to 4.5% as they meet today. While the economy remains relatively strong, with stable inflation and unemployment, there are signs of economic slack with high jobless claims and underwhelming manufacturing data. Investors are looking for clues about future monetary policy in the Fed's 'dot plot'. Fed Chair Jerome Powell insists that the strong economic data justify patience, even amidst uncertainties surrounding trade policies, which have unsettled markets this year. A rate cut is expected later this year, as indicated by substantial investor sentiment.
The central bank's stability can be seen despite growing uncertainty in investor sentiment regarding economic policies and their implications for future growth.
Fed Chair Jerome Powell emphasizes that economic strength, rather than the prevailing uncertainties, does not necessitate an immediate change in interest rates.
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