Federal Reserve Chair Jerome Powell indicated last week that policymakers are likely to stay on hold for now, waiting for clearer signs on how Trump’s tariffs are affecting inflation. However, if the labour market starts to weaken, the Fed may consider lowering interest rates.
Bank of America say:
BoA also warned that tariffs could still have a more pronounced effect on the U.S. economy going forward.
“An optimistic take on the data would be that the pickup in goods inflation reflects some preemptive price hikes ahead of the tariffs.”“Still, there is most likely a lot more tariff-driven inflation in the pipeline.”In Sintra on Tuesday Federal Reserve Chair Powell blamed tariffs for the lack of rate cuts.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( BoA Federal Reserve outlook: "The lack of progress on inflation raises the bar for cuts" )
Also on site :
- Building explodes, causes fire in Yolo County town of Esparto
- Iconic '70s Rock Band Initially Said No to Legendary Concert
- Hollywood Legend, 99, Amazes Fans in Latest Interview