The Fed: Tariffs & Transitory
Tariffs & Transitory: Insights from the Latest Fed Meeting “Inflation can be volatile month to month, and we do not overreact to one or two readings that are higher or lower than anticipated.” — Fed Chair Jerome Powell In the Fed’s latest meeting, they left interest rates unchanged at 4.25%-4.5%. But what mattered more was what he said. The stay-the-course tone was well-received by the market, with the battered S&P 500 up 1.1% at the close. The Fed left interest rates unchanged, as expected,…