Reported about 19 hours ago
President Trump has announced upcoming tariffs but has left many details unclear, causing significant uncertainty in the markets. Analysts worry that the proposed tariffs, which could raise effective rates significantly, might lead to increased inflation, impacting the Federal Reserve's interest rate decisions. Fed Chair Jerome Powell noted the unpredictability surrounding the tariffs, emphasizing the many variables at play which leaves economic forecasts for 2025 uncertain.
Source: YAHOO