📊 Federal Reserve Maintains Interest Rates
The Federal Reserve has decided to keep interest rates steady, citing concerns over potential risks to the economy stemming from recent tariff implementations. Fed Chair Jerome Powell highlighted uncertainties in the economic outlook, noting that while consumer and business sentiment has declined, the full impact of tariffs has yet to materialize in economic data. CBS News
📉 Consumer Confidence Declines
Consumer confidence has seen a notable decrease, with surveys indicating that Americans’ economic and financial expectations have sunk in April. This decline reflects growing concerns over inflation and the broader economic outlook. Gallup.com+1The Conference Board+1
📈 Inflation Trends
While inflation has eased somewhat from its peak levels, it remains a significant concern. Analysts suggest that the current economic environment is characterized by slowing growth coupled with persistent inflationary pressures, raising the specter of stagflation. Financial Times
🌐 Trade Developments
President Trump has announced a new trade agreement with the United Kingdom, marking the first such deal since the imposition of global tariffs. The agreement includes reduced U.S. tariffs on UK cars, steel, and aluminum, while the UK will ease tariffs on U.S. ethanol and beef. However, experts view this deal as a limited measure aimed at mitigating the broader impacts of protectionist policies.