内容摘要：Experts say forecasts indicate that the fifth rainy season now underway will fail, too, and even the sixth one set for early next year. With that, Somalia will be in uncharted lands beyond the memories of even Issack, Hassan and their age-mates.

Experts say forecasts indicate that the fifth rainy season now underway will fail, too, and even the sixth one set for early next year. With that, Somalia will be in uncharted lands beyond the memories of even Issack, Hassan and their age-mates.

To be sure, the Fed also said it appreciates that risks to the economy are rising because of tariffs, which could both weaken the job market and push inflation higher.“If the large increases in tariffs that have been announced are sustained, they are likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment,” Powell said.

That could ultimately put the Fed in a worst-case scenario called “stagflation,” where the economy is stagnating while inflation remains high. Such a combination is hated because the Fed has no good tools to fix it. If the Fed were to try to cut interest rates to bolster the economy and job market, for example, it could raise inflation further. Raising rates would have the opposite effect.In the meantime, big U.S. companies continue to produce fatter profits for the start of 2025 than analysts expected.Co. jumped 10.8% after easily beating analysts’ profit targets, raising its profit forecast and adding more than a million streaming subscribers.

Companies, though, are also continuing to warn about how uncertainty in the economy is making it more difficult for them to forecast their own finances.Chipmaker Marvell Technology slumped 8% after it postponed its investor day from June to an undetermined date because of uncertainty over the economy.

All told, the S&P 500 rose 24.37 points to 5,631.28. The Dow Jones Industrial Average added 284.97 points to 41,113.97, and the Nasdaq composite gained 48.50 to 17,738.16.

In the bond market, Treasury yields fell following the Fed’s announcement. The yield on the 10-year Treasury eased to 4.27% from 4.30% late Tuesday.Trump himself said he had noticed how bond investors were “getting a little queasy” before he paused his tariffs.

Economists and investors had to reconcile contradictory signals about the economy. Surveys of consumers showed declining confidence, largely due to the uncertainty created by the Trump trade policy. But what investors call “hard data,” such as employment numbers, indicated the economy was still doing OK. As of Friday, when the government saidin April, the hard numbers appeared to have a advantage over the weak sentiment.

The Federal Reserve cut rates three times at the end of 2024, but then implemented a pause of its own by keeping rates steady, in part to assess the impact of the Trump trade policy. The strong jobs report seemed to give the Fed clearance to keep rates where they are for now — despite Trump repeating his call for cuts — but the market is still looking for 3 cuts before the end of the year.Through all the market’s tumult, U.S. companies have continued to deliver profit reports for the start of the year that have topped analysts’ expectations. Stock prices tend to follow profits over the long term, and that’s given the market a notable boost.