Fed's Powell Signals Possible Rate Cut Amid Inflation Concerns and Tariff Tensions
TL;DR Summary
Despite current data showing modest inflation levels, a recent survey indicates that 87% of Americans are worried about rising inflation, largely due to tariffs that have yet to significantly impact prices but are expected to cause inflation to rise again, with Goldman Sachs predicting a peak in inflation rates by December 2023. The public's concern persists across party lines, even as official inflation measures remain relatively low.
- Almost 90% Of Americans Concerned About Inflation—Before Tariffs Even Kick In Forbes
- Powell says the Fed would have cut rates this year if it weren’t for tariffs CNN
- Fed Chair Powell says he won't rule out interest rate cut this month ABC News - Breaking News, Latest News and Videos
- Fed's Powell Responds to Trump Attacks Newsweek
- The Surprising Tariff Lesson Buried in Inflation Data Bloomberg.com
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