$BTC The Federal Reserve has new developments! Barkin said that the new import tariffs may cause inflation to "flare up again." Coupled with a stable job market and strong consumer spending, there is no rush to cut interest rates for now~ He also mentioned that the U.S. has not reached its inflation target for four years.
Businesses in the Richmond area sense that once the new tariffs are implemented, prices will rise later this year, and future tariffs may "increase even further." However, the good news is that the unemployment rate is only 4.2%, and companies have not initiated a wave of layoffs.
Currently, the Federal Reserve is taking a wait-and-see approach, just like driving without aggressively accelerating or abruptly braking, navigating this economic direction. What do you think?