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Federal Reserve officials: The impact of tariffs on inflation is temporary, and if the impact on inflation is minor, there may be a rate cut later this year.
Federal Reserve Board member Waller stated that the new tariff policy is "one of the largest shocks to the USA economy in decades," but the expected impact of tariffs on inflation will be temporary. He mentioned that if the impact of tariffs is relatively small, the Federal Reserve may consider lowering interest rates later this year.
New York Fed Survey: USA consumer expectations for short-term inflation rise, confidence in the labor market declines.
According to the March Consumer Expectations Survey released by the New York Fed on Monday, expectations for short-term inflation among USA consumers have risen, while long-term inflation expectations have eased slightly.
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