Macro indicators, policy shifts, and economic forces shaping growth and inflation.
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Consumer spending rose 1.6%, business investment stayed solid and government outlays jumped 4.4%.
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Brent crude jumped to $120 a barrel, raising the risk that oil costs feed into inflation and limit Fed cuts.
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
The U.S. economy grew at a 2% annual rate in the first quarter, with consumer spending, business investment and government outlays still firm.
Powell said higher oil prices can cut disposable income, slowing GDP even as they lift near-term inflation.
The Fed wants to see the full impact of the oil and tariff shocks before considering rate cuts.
Powell said the Fed wants to see the full impact of energy and tariff shocks before considering cuts.
Four officials dissented, the most since 1992, with Stephen Miran favoring a quarter-point cut and three others objecting to future-cut language.
U.S. market-economy recognition would change how Washington handles Vietnamese exports in anti-dumping cases, where nonmarket status can bring harsher penalties.
Bank of Canada kept its policy rate at 2.25 percent as it expects inflation to peak near 3 percent in April.
