Fed Chairman Jerome Powell delivered a speech at a press conference in Washington, DC, USA on June 18, 2025.
Yasin Oztuk | Anadolu Getty Images
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.
What you need to know today
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.
Our market and oil prices remain the same in the United States
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. Regions in Europe Stoxx 600 index Loss of 0.36%. this FTSE 100However, since the data show that the annual inflation rate in the UK is Estimated 3.4% in May.
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) “Far-reaching Impact” on the Oil Market: Morgan
Based on historical data analyzed Morgan. However, there may be a regime change in Iran by the U.S. or Israeli military operations.”A profound impactThe bank said: “In the global oil market.
at last…
Flags of the EU and the United States flutter next to the Ukrainian military hub in southeastern Poland on March 6, 2025.
Sergei is because | AFP | Getty Images
These are the sticky points of holding the U.S. EU trade agreement
The U.S. and European Union have run out of time to reach a deal with trade tariffs – several key points may make the deal impossible, analysts say.
Negotiations have been slow since the United States and the European Union temporarily cut responsibilities to each other until July 9. If an agreement is reached then All countdown to import tariffs 50% of EU goods and group goods Extensive countermeasures The setting takes effect.
“We’re talking about it, but I don’t think they’ve provided a reasonable deal yet,” Trump told reporters on Tuesday.
So, what keeps things in touch with each other worth 1.68 trillion euros (1.93 trillion US dollars) in 2024?
