The Federal Reserve has decided to keep interest rates unchanged, maintaining the target range between 4.25% and 4.50%. This decision comes in light of rising concerns about the impact of tariff-related uncertainties on the U.S. economy. Fed Chairman Jerome Powell cautioned that the next steps for monetary policy are not immediately clear, as the risk of stagflation lurks amid inflation and unemployment challenges. Despite pressure from President Trump for rate cuts, the Fed signaled a cautious approach, emphasizing that the current economic outlook is fraught with uncertainties. As a result, U.S. stocks saw significant movement, reflecting investor apprehension regarding future economic conditions influenced by trade policies.