Reported 4 days ago
Minutes from the Federal Reserve's July meeting revealed that most members prioritize rising inflation concerns over potential job losses, leading to a decision to keep interest rates steady. Policymakers discussed the impact of higher tariffs on prices and anticipated inflation increases, but noted uncertainty regarding the tariffs' overall effects. While Wall Street investors expect a rate cut in September following a weak jobs report, Chair Jerome Powell indicated a cautious approach in assessing tariffs' influence on inflation.
Source: YAHOO