US Fed warns Trump's tariffs may increase prices

Quick Summary:

The minutes from the last meeting of the e Fed's rate setting committee reveal inflation concerns.

Trump's campaign promises included calls for lower interest rates, which would bring relief to borrowers.

The government admits that stemming price rises will be 'bumpy' as inflation hit 3% in January.

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Article Details

Category: Business

Markets: United KingdomIreland

Topics: Rate Interest January Inflation Meeting Rates Central Minutes Bank Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 21:27:16 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 26280782

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

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