Washington CNN —
Rising unemployment will likely be what pulls the trigger for the Federal Reserve to finally begin lowering interest rates again, economists say.
Since January, the Fed has stood on the sidelines, keeping its benchmark lending rate unchanged at about 4.4%. Officials have said in recent speeches that they want to see how President Donald Trump’s significant policy changes, including on tariffs, affect the US economy first before considering further rate cuts.
Renewed tensions in the Middle East add even more to the uncertainty that has paralyzed the central bank. Officials are
→ Continue reading at CNN - Business News
