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Federal Reserve Governor: Tariff-Related Inflation Should Be ‘Transitory’

Summary by insidetrade.com
Inflation caused by the Trump administration’s tariffs should be “transitory” and is not yet changing how the Federal Reserve is approaching its work -- including the possibility of interest rate cuts later this year, a Trump-appointed Federal Reserve Board member said on Monday. President Trump has imposed a range of new tariffs, including a baseline 10 percent duty on nearly all imports and higher duties on specific products like steel, alumin…

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The financial market has again cut the projection for inflation this year. The estimate has been 5.4%, according to the Focus Report published by the Central Bank this afternoon, 2. A month ago, the proposed index was 5.53%. + Read more about the economy in the West with this reduction, inflation still exceeds the target ceiling, set at 4.5%. Return to the desired levels should only take place in 2026. The updated projections show the following …

Published today in the Bulletin Focus, estimated by the Central Bank for GDP is 2.13% this year The financial market reduces inflation forecast for 5.46% appeared first in Mercantil Monitor.

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Jornal Monitor Mercantil - Jornal Monitor Mercantil | Notícias Sobre Economia, Política, Opinião broke the news in on Monday, June 2, 2025.
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