Fed to Stay Patient Amid Cooling Trade War, Inflation
A news conference of Federal Reserve Chair Jerome Powell is displayed on a screen in the booth of trader Phyllis Arena Woods, on the floor of the New York Stock Exchange, May 7, 2025. (Richard Drew/AP)
Tamer-than-expected inflation and a significant de-escalation of a U.S.-China trade war are easing fears of a sharp squeeze on American households and businesses in coming months, prompting Wall Street firms to pare predictions of a recession and giving the Federal Reserve room to leave interest rates where they are. [Full Story]
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