** Fed to keep rates steady as tariffs, possible oil shock counter inflation data **
...
No, the FED's not going to have it easy at all. Nothing to envy there.
Whatever they do, even if it's the right thing, and whenever something bad happens, Trump will always blame them.
Just once, I'd like to see Trump tell the nation: ' I made a mistake, and it's my fault. '
That's a pipe dream – it'll never happen.
It's always someone else's fault when something goes wrong, isn't it?
In reality, all we'll keep hearing is this:
' I'm great, beautiful, powerful, and, among my other superpowers, infallible.
And I love tariffs! My tariffs! '
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WASHINGTON (Reuters) -The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues and an intensifying conflict in the Middle East.
Recent inflation data had eased concern that the tariffs imposed by President Donald Trump would translate quickly into higher prices, while the latest monthly employment report showed slowing job growth - a combination that, all things equal, would put the Fed closer to resuming its rate cuts.
Trump has demanded the U.S. central bank lower its benchmark overnight interest rate immediately by a full percentage point, a dramatic step that would amount to an all-in bet by the Fed that inflation will fall to its 2% target and stay there regardless of what the administration does and even with dramatically looser financial conditions.