Normally, a huge sigh of relief is heard from workers embarking on the more easy-going days of retirement. However, for many such people, their next thought may be, "Now what?"

The Federal Reserve held interest rates steady at 4.25% to 4.50% during its June 18 policy meeting, sticking with its cautious stance as officials assess inflation trends, labor market strength and the potential economic impact of shifting trade policies.

The Trump administration — which first insisted tariffs are paid for by foreign countries and not Americans, then ...