Fed Cautious on Tariffs, Inflation

This is a U.S. news story, published by Global News, that relates primarily to Thomas Barkin news.

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US Politics

U.S. Fed signals caution on rate cuts as Trump tariffs raise inflation fear - National | Globalnews.ca

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Minutes of U.S. central bank’s mid-March meeting showed that Fed officials already felt they were operating in a thickening cloud of uncertainty that had the potential to slow consumer spending and business investment.

That was before Trump 's April 2 announcement of sweeping tariffs triggered a global stock market rout on fears of recession and a sharp rise in Treasury yields that raised alarm bells about potential financial market instability.

The Fed ’s policy rate has been in the 4.25 per cent-4.50 per cent range since last December .

Markets had been betting heavily that the central bank would respond to the tariffs with a series of rate cuts starting next month .

Richmond Fed President Thomas Barkin said he is most focused on the risk that consumers, exhausted by recent inflation, could sharply slow spending in the face of high prices.

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English

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