Reported 1 day ago
Federal Reserve officials expressed caution regarding interest rates, highlighting risks of inflation linked to tariffs. New York Fed President John Williams indicated that monetary policy is currently restrictive but stable, necessary for assessing future economic data. Richmond Fed President Thomas Barkin shared concerns about tariffs potentially raising prices and impacting the job market. As economic uncertainty rises, Goldman Sachs increased recession probabilities due to consumer and business confidence declines. Overall, Fed officials remain committed to preventing high inflation from taking root.
Source: YAHOO