A fresh reading on inflation showed tariffs are pushing goods prices higher for Americans, creating a dilemma for the Federal Reserve on whether to hold interest rates steady in September.
  • commander@lemmy.world
    7·
    6 days ago

    They’re screwed. It’ll be months until they have good data on how bad inflation will be with the latest tariffs of which not all announced are in play yet let alone the random new announcements that will probably happen for the rest of the year. Trying to not make inflation much much worse while higher unemployment is a practical guarantee regardless