The Fed acknowledged that overall uncertainty has decreased, but remains “elevated,” and that it continues to monitor risks affecting its dual mandate—maximum employment and price stability

The Fed, helmed by Chair Jerome Powell, is expected to hold rates steady this month despite pressure from President Donald Trump to make cuts.

Four meetings and six months have elapsed since the Fed last adjusted interest rates. The federal funds rate stands between 4.25% and 4.5%, preserving much of a sharp increase imp