The Fed said the U.S. economic slowdown is still in the process of being stuck.

Jerome Powell, chairman of the U.S. Federal Reserve Post-meeting press conferencethe topic of tariffs – especially their impact on prices – is a recurring one.

“Everyone I know predicts inflation in the coming months makes sense because someone has to pay tariffs,” Powell said. “Some of that will fall on the end of the consumer.”

Of course, recent economic data have been optimistic, suggesting that the U.S. economy has been able and still able to escape primarily unscathed tariffs.

In May, one more than expected 139,000 jobs added The unemployment rate remains unchanged at 4.2%. Consumer sentiment in early June According to a survey by the University of Michigan, it is much more optimistic than the forecast. And, the most important thing is Inflation in May – According to the Consumer Price Index – Only 0.1% is checked for the month, below the estimate.

But a range of positive data may have to thank the slow process of tariffs shifting in the economy.

“Tariffs are working hard in the distribution chain to the end consumers. A good example is that items sold at retailers today may have been imported months ago before the tariffs were imposed. So we are starting to see some impacts and we do want to see more in the coming months.”

Even though Fed officials are currently “not seeing signs” of the U.S. economy weakens Powell, Powell admits that growth will eventually slow down. In other words, stagnation (higher prices and slower growth) may be possible in the coming months.

This song”I thought of summer“There was a virus in 2022.” This summer, I was thinking of the Fed and the earworms of market observers.

U.S. central bank holds interest rates, sees two cuts
The U.S. Federal Reserve retains on Wednesday Interest rates are between 4.25% and 4.5%where has been since December. With the rate decision, the committee passed its closely watched “points” that two cuts were still on the table by the end of 2025. Earlier on Wednesday, President Donald Trump said the Fed’s funding rate should be lowered by at least 2 percentage points, and then again blasted Chairman Jerome Powell, Call him “stupid”.

Fed hikes inflation and reduces growth forecasts
According to the latest Fed forecast, U.S. inflation, measured by the Personal Consumer Expenditure Index, will exceed 3%. The central bank predicted PCE to reach 2.8% in March. PCE Come in Only 2.1% in April. The Fed also believes that economic growth has fallen to 1.4% this year, down from an earlier estimate of 1.7%. Combined together, both predictions point to Signs of early scattering.

Sold in the US market but falls in Asia
US Stocks Hovering around the plane on Wednesday. this S&P 500 Slide 0.03% Dow Jones Industrial Average Close 0.1%, but Nasdaq Composite Materials Up 0.13%. Likewise, oil prices have little change. Asia-Pacific market fell Thursday. From Hong Kong Hanging Forest Index Losses as much as 2%, and the leader declined in the region. In Japan, shares Japanese Steel The company’s explosion rate exceeded 3% after completing its acquisition of U.S. steel.

Iranian regime change ‘not official target’: Herzog
Israeli President Isaac Herzog told CNBC’s Dan Murphy on Wednesday “Not our official goal,” The goal is to “delete Iran’s nuclear program.” Herzog accused Tehran of “rushing to the bomb” and added that “changes in (the regime) could also bring peace in the region.” When asked if there are diplomatic ramps that can eliminate the situation, he said: “There are actually a lot of post channels.”

Trump says he hasn’t decided to strike in Iran
Trump’s second time in two days Wednesday Meet his national security team at the White House In the Israel-Iran conflict. The closed-door party happened when Trump insisted he had not decided whether to order the U.S. to strike against Iran. On the same day, U.S. Ambassador to Israel Mike Huckabee said that evacuation flights and cruise ships were being arranged to leave in search of U.S. citizens leaving Israel.

(Pro) Investor interest in emerging markets
Trump hits developing economies such as Vietnam and India, especially his “reciprocity” tax collection. The clock is knocking down Trump’s 90-day pause on these tariffs, but institutional investors are Becoming more and more enthusiastic about emerging markets, According to a recent fund manager survey by Bank of America.

Trump and India’s division over the role of the U.S. in Pakistan’s ceasefire

Indian Prime Minister Narendra Modi and trump cardThe former expressed frustration at the repeated statements of the US president Ceasefire Between two nuclear-weapon states.

Foreign Minister Vikram Misri in a statement.

Misri said Modi “clearly communicated to Trump that the United States had no role in mediation between India and Pakistan and denied any discussion of the trade agreement.

He added that the 35-minute call was initiated by Trump.