Another round of the Fed’s waiting game

Another round of the Fed’s waiting game

As was widely expected among the analyst community, the U.S. Federal Reserve held rates steady for the fourth consecutive meeting this year. But it was at the first of those meetings back in January where Fed Chair Jerome Powell, when asked about the potential impact of tariffs on inflation under the incoming administration, uttered what has become his mantra, “You know, there are lots of places where that price increase from the tariff can show…