March 7, 2025: Economy Highlights

March 7, 2025: 11:00 p.m.:

March 7, 2025: Economy Highlights

Federal Reserve Chair Jerome Powell stated that the central bank will not rush to cut interest rates amid uncertainties surrounding President Trump's trade policies, including recent tariffs on major trading partners.

The U.S. economy faces a potential slowdown in consumer spending amid heightened business uncertainty, with the Federal Reserve monitoring the impact of new trade and fiscal policies before adjusting interest rates.