Benito Berber, economist at Natixis, said Fed chairperson Jerome Powell probably had little to say about the impact of tariffs on inflation because shipments from China after Liberation Day had not yet hit the US market.
Berber expects the inflationary impact to be felt in June, and the Federal Reserve is expected to stay put until September, when it will begin cutting interest rates and continue through 2026.
Economist: Powell may lack information on the impact of tariffs on inflation
2025-05-07 17:00:15
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