The Federal Reserve is almost certain to hold rates at Wednesday’s FOMC meeting as it gets to grips with an outlook of lower growth and higher inflation. The start of Donald Trump’s tariff campaign at the beginning of March is rattling consumers, businesses and investors and put the Fed in the position of facing potential stagflation.

Bond yields mostly inched higher early Tuesday as investors waited to see how the Federal Reserve may address recent signs of a slowing U.S. economy. The Federal Reserve will begin its two-day monetary policy meeting on Tuesday,