Consumer spending rose 0.4% in February, though the gain was just 0.1% after adjusting for inflation
Two rate cuts expected in 2025 as growth slows
U.S. central bank officials expected to keep policy rate steady this week
The consumer price index increased 2.8% in February relative to one year ago
Powell said the Fed is 'well positioned to wait for greater clarity' from Trump administration
U.S. President said he still plans to impose “reciprocal” tariffs starting on April 2
Inflationary effects of potential tariffs, mass deportations, have reduced rate expectations this year
Fed will continue to "make our decisions based on what’s happening in the economy," he tells House committee
The consumer price index increased 3% in January from a year ago
On Tuesday, the central bank chair said the Fed is 'well positioned' to deal with risks, uncertainties
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