, including the Indy 500.

At the beginning of the year, analysts and investors expected the Fed would reduce its key rate two or three times this year, as the inflation spike that followed the pandemic continued to cool. Some economists also think the Fed should cut in anticipation of slower growth and worsening unemployment from the tariffs. But Powell was adamant that with the economy in good shape for now, the Fed can stay on the sidelines.Several months ago, many analysts also expected the economy would achieve a “soft landing,” in which inflation would finally drop back to its target of 2%, while unemployment would stay low amid solid growth.

Yet on Wednesday Powell said that was less likely to be achieved.“If the tariffs are ultimately put in place at those levels ... then we won’t see further progress toward our goals,” Powell said. “At least for the next, let’s say, year, we would not be making progress toward those goals -- again, if that’s the way the tariffs shake out.”Powell also said the Fed’s next move will depend in part on which indicator worsens the most: inflation or unemployment.

“Depending on how things play out, it could include rate cuts, it could include us holding where we are, we just need to see how things play out before we make those decisions,” he said.Krishna Guha, an analyst at EvercoreISI, said the Fed’s assessment of current conditions likely pushes back the timetable for a rate cut. “The combination of the two-sided risk assessment and the characterization of the economy as solid suggest the (Fed) is not looking to tee up a June cut at this juncture.” Many economists think the Fed may not be ready to cut until September.

Trump announced sweeping tariffs against about

, then paused most of them for 90 days, with the exception of duties against China. The administration has subjected goods from China to a 145% tariff. The two sides are scheduled to hold theirThe 64-year-old Melbourne resident posted on social media that she had started treatment for stage four

, which she described as a “rare and fast-moving blood cancer.”“It’s serious, but I’ve started one of the best treatments available (the Nordic protocol), and I’m lucky to be getting absolutely world-class care here in Melbourne,” Szubanski posted.

“I won’t sugar-coat it: it’s rough. But I’m hopeful. I’m being lovingly cared for by friends and family, my medical team is brilliant, and I’ve never felt more held by the people around me,” she added.Szubanski said that she had shaved her head before appearing in a video “in anticipation of it all falling out in a couple of weeks.” That was an apparent reference to undergoing chemotherapy.