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Federal Reserve officials are watching how the U.S. economy digests its fourth supply shock in five years—the pandemic reopening, Russia's invasion of Ukraine, tariffs and now the Middle East

By WSJ April 28, 2026 Neutral
Federal Reserve officials are watching how the U.S. economy digests its fourth supply shock in five years—the pandemic reopening, Russia's invasion of Ukraine, tariffs and now the Middle East
Fed officials are set to hold rates steady this week. The harder question is whether to signal that cuts have been derailed, or just delayed.
Fed officials are set to hold rates steady this week. The harder question is whether to signal that cuts have been derailed, or just delayed.