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Fed's rate cuts reflect uncertainty amid Trump's tariff policies, inflation

Business Standard LogoBusiness Standard11h ago

Fed's rate cuts reflect uncertainty amid Trump's tariff policies, inflation - Business Standard

Quick Summary:

Though the pace is likely to have cooled in November, the upshot is that realised inflation will almost certainly exceed the Fed’s earlier 2024 projections.

Second, there’s the wobbly nature of the inflation data itself — a risk that Mr Powell played up.

Mr Trump has also promised to extend tax cuts enacted in 2017 and maybe add new ones, which could have the effect of further juicing economic growth and inflation — especially if they’re deficit-funded.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 23:08:00 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 823 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24570094

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 246 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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