The Buffalo Niagara job market is stuck – and it probably will stay that way until the shroud of uncertainty from the Trump ...

Economists will be reading the minutes of the Federal Reserve's June meeting to get a sense of what might have to happen in order for the central bank to cut interest rates in September. Expectations ...

Fed Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the central bank would have likely reduced rates this year if not for potential consumer price hikes.

Fed Chair Jerome Powell says tariffs have prevented the rate cuts President Trump badly wants. The Fed remains in wait-and-see mode as it updates its inflation and economic outlook.

When asked Tuesday if Trump’s tariffs held up the Fed’s plan to cut interest rates, Powell affirmed. “I think that’s right,” he said at a central banking conference in Portugal.

Both have said rate cuts still depend on how mild any tariff-induced inflation turns out to be.Still, a rate cut in July seems unlikely and would be difficult for the Fed to defend.