-
Inflation doubts to keep the Fed on hold until December
Amidst a slight cooling in economic activity, inflation has been making decent progress towards the 2% target. However tariffs and a spike in energy prices mean a mini-resurgence is likely to delay the Fed’s abilities to cut rates until the final meeting of the year. Updated Fed forecasts could suggest just one cut in 2024 The Federal Reserve is widely expected to leave monetary policy unchanged on 18 June. Central Bank officials have suggested they will be patient in assessing the impact of the President’s tariff policy on growth and inflation, implying little prospect of a rate change before September. The key ... (full story)