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After Rate Hike, Economists Weigh Tariffs’ Role in Inflation
- The Federal Reserve raised its benchmark interest-rate range by one-quarter percentage point, from 3.5%-3.75% to 3.75%-4%, in its first increase in three years.
- President Donald Trump criticized the increase and called for the Federal Reserve to lower interest rates at its next meeting.
- The Federal Reserve Bank of St. Louis estimated that tariffs added between 0.26% and 0.56% to core inflation above the Federal Reserve’s 2% target.
- Economists said future inflation could depend on policies involving tariffs, Canada, Iran, energy, and economic productivity.
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In commodity markets, the week concluded with expectations of further interest rate increases in the US leading to sell-offs in precious metals. Gold and silver prices fell throughout the week in line with these developments. Markets were shaped by expectations regarding the course of US-Iran relations. Here's a look at the week...
The price of the dollar rebounded this week after reaching a historic minimum on September 17th.
The Bloomberg Dollar Spot index has gained about 2 percent in the last two weeks, being its highest level since last July.
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Coverage Details
Total News Sources195
Leaning Left11Leaning Right29Center22Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 18%
C 35%
R 47%
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