U.S. economy solid, inflation fading

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Inflation

PBS

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Business

Business & Economics

Fed officials left in 'uncomfortable purgatory' as tariffs complicate this week's rate decision

Summary

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78% Informative

The Federal Reserve is expected to keep its key interest rate unchanged on Wednesday at about 4.4% .

With the economy potentially pulling in both directions, Powell and other Fed officials have underscored in recent remarks that they are prepared to wait for clearer signals on which way to move.

With inflation remaining low, so far, despite the imposition of tariffs, the Fed may come under greater pressure in the coming months .

Economists at Goldman Sachs expect inflation to rise to 3.6% by December , but only temporary.

A noticeable weakening of the economy that slows consumer spending and holds down inflation would likely lead the Fed to quickly cut rates.

But they will be more comfortable doing so once they have a better sense of the full impact of tariffs.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

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