Fed Predicts Inflation Short-Lived
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tariff inflationCNBC
•Business
Business & Economics
'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts
75% Informative
Inflation had appeared to be on the run heading into this year , but the outlook is less certain now.
The Fed voted to keep its benchmark interest rate on hold as it weighs the impact of tariffs and fiscal policy from Trump .
Back in 2021 , when inflation first rose past the Fed 's 2% target, Powell and his colleagues repeatedly said they expected the move to be transitory.
VR Score
86
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92
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49
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