Fed's Powell Signals Possible Rate Cut Amid Inflation Concerns and Tariff Tensions
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.