Reported 2 days ago
A recent report showed milder-than-expected CPI inflation, leaving Federal Reserve policymakers inclined to maintain their current interest rates until there's more clarity on the effects of President Trump's tariffs. Despite some economists predicting visible impacts from tariffs in the CPI report, inflation pressures remained stable in May. The Fed is likely to continue its wait-and-see approach, delaying any rate cuts, especially in light of a strong labor market. President Trump has urged the Fed to cut rates, but officials emphasize concerns about inflation risks over employment.
Source: YAHOO