The Fed kept the federal funds target rate unchanged in May 2025.

Unemployment in April 2025 was unchanged at 4.2%

GDP declined 0.3% in Q1 2025, sparking concerns of a potential recession.

PCE came in slightly higher than expectations at 2.3% in March.

President Trump indicated he will not push to remove Chair Powell, will lower tariffs on China.

CPI recorded its first monthly decline in 4 years, dropping to 2.4% in March.

Tariffs on all nations except China were paused for 90 days.

Unemployment in March 2025 was little changed at 4.2%.

President Trump announced reciprocal tariffs for a number of nations on Wednesday.