Here's where the economy stands as the Fed makes its interest rate decision

Is the job market still growing?

How happy are U.S. consumers?

Did the economy grow again in the second quarter after stumbling in the first?

We'll get answers to those questions and more this week. But most analysts predict only minor changes from the previous months. The only exception: GDP. It tumbled in the first quarter as companies stocked up on imported goods ahead of President Donald Trump's new tariff policies.

As the week closes, the tariffs and their impact may still be the biggest question weighing on the U.S. economy. It's a big enough unknown that few interest rate traders expect Fed chief Jerome Powell and the rest of the policymaking committee to announce an interest rate cut at 2 p.m. ET Wednesday.