President Donald Trump’s sweeping tariffs have clouded the central bank’s economic outlook, leaving it in wait-and-see mode.

As expected, interest rates didn't budge today. You can blame tariffs. At the conclusion of its May 6-7 meeting today, the Fed voted to hold rates steady for the third consecutive time. Fed Chair Jerome Powell remains steadfast in monitoring labor market conditions and inflation pressures before making any cuts.

This week, the Federal Reserve Bank decided not to lower or raise interest rates, a decision that sparked the ire of President Donald Trump. However, an expert told Audacy that the move might be a good sign.