🚨 Federal Reserve Chair Jerome Powell points to tariffs as a reason for rising inflation! 🇺🇸📈🔥
Powell states that tariffs, not monetary policy or demand, are the reason behind the recent rise in inflation 🤔. He sees this as a "temporary spike in prices" 💸, but warns that the Fed's mission is to ensure it does not turn into a persistent problem 🚨💡.
... Key points: 📚
- The tariffs imposed by the Trump administration are the main reason inflation has exceeded the Fed's 2% target 📊
- Powell expects the impact of tariffs on inflation to be temporary ⏰, but the Fed is vigilant 👀
- Markets are uncertain whether this inflation will fade or become an unexpectedly influential factor 🤔📈
Affected assets: 💸
- ADA -1.82% 🔴
- LINK -0.94% 🟡
- SUI -0.03% 🟢
The Fed has cut interest rates three times this year 🤑, with Powell emphasizing the need to balance controlling inflation 🔥 and supporting the labor market 💼. The future of inflation and interest rates is hanging in the balance ⚖️, with tariffs remaining a key factor 📊!
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