Economists predict that the Trump administration’s trade policies could push up prices for consumers, making it harder for Fed officials to cut rates.

The USD/MXN exchange rate has recently pulled back, ending the strong Mexican peso sell-off a few weeks ago. It retreated from this month’s high of 20.93 to the current 20.40 and is hovering near its lowest point since December 26.

Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.

Ohio, comments on the looming deadline for the president's tariff threats to Canada and Mexico and reacts to the House Oversight chairman launching an investigation into sanctuary cities.

It’s too early to let down our guard against tariffs, but the inflation picture is looking increasingly benign.