Alright, so the Federal Reserve folks are feeling pretty chill about inflation for now. It seems like those tariffs haven’t really made a big impact on official inflation numbers yet. So, they’re just gonna keep those interest rates where they are until they figure out how trade policies might shake things up.
The numbers are saying that the US personal consumption expenditures price index, excluding food and energy, probably went up by 0.1% in April. Not a huge jump, but hey, at least it’s something. And it looks like the job market is holding up okay, so the Fed is cool with keeping those interest rates steady until they see what happens with trade stuff.
The Fed meeting minutes from earlier this month and some speeches from the regional Fed presidents are gonna shed some light on what’s going on. Plus, Chair Jerome Powell is gonna drop some knowledge bombs at Princeton University. So yeah, lots of talking and analyzing happening.
Meanwhile, the US economy is expected to slow down a bit as the year goes on. It looks like businesses are getting a bit nervous about costs going up because of tariffs. And people are starting to feel a bit iffy about spending money, probably ’cause they’re worried about their wallets and jobs.
Overall, it seems like the Fed is gonna play it safe for now and just wait and see how things play out. They wanna make sure those inflation expectations stay in check. So, we’ll just have to hang tight and see what happens next.
And that’s the scoop for now. Stay tuned for more updates on the economy and what’s going down in the world of finance. Don’t stress too much, things will work out one way or another.
