US Fed holds fire as trade tariffs cloud rate path

Quick Summary:

WASHINGTON, May 8 — The US Federal Reserve yesterday announced another pause in rate cuts and warned of higher risks to...

The White House also slapped higher tariffs on dozens of other trading partners and then abruptly paused them until July to give the United States time to renegotiate existing trade arrangements.

Speaking to reporters in Washington after the decision was published, Fed Chair Jerome Powell said there was “a great deal of uncertainty” about where the Trump administration’s tariff policies will end up.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: Rate cuts Us federal reserve Us tariffs Jerome powell

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 08:56:40 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 28483879

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 18 posts per day

Year Established: 1896

Headquarters: Malaysia

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Publisher ID: #106

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