Economists Weigh Tariffs’ Role After Fed Rate Hike
Federal Reserve raised interest rates for the first time in three years; economists say future moves may depend on President Trump's trade policies and tariffs.
The Federal Reserve raised interest rates Wednesday for the first time in three years in an effort to curb inflation. Economists say whether the Fed raises rates again could hinge largely on President Donald Trump's trade policies, including tariffs, and how those measures affect inflation.