Summary: Federal Reserve Chair Jerome Powell signaled that higher prices are coming due to tariffs, but the impact on consumers remains uncertain. While policymakers unanimously held interest rates steady, there is a growing divide on the committee regarding future rate cuts, with some officials seeing no reductions in 2025. Despite the economy’s resilience, uncertainty remains elevated, and the Fed is waiting for more clarity on trade and inflation before making any decisions.

Link: https://www.theedgesingapore.com/news/us-economy/feds-powell-says-rate-path-unclear-tariff-impact-coming