24 March | Dollar

Persistently high inflation and Trump's tariffs keep Fed from adjusting rates

Persistently high inflation and Trump's tariffs keep Fed from adjusting rates

US inflation remains at levels that concern Federal Reserve (Fed) officials. At the same time, President Donald Trump's administration continues to impose import tariffs, which could support high price pressures.

According to a Bloomberg survey, Friday's data will show that the US core personal consumption expenditures price index rose 0.3% in February for the second consecutive month, accelerating to 2.7% year-on-year. At the same time, income growth slowed to 0.4%, as expected by economists surveyed by the agency.

Rising prices for goods and some services in the United States offset declines in other sectors, respondents said. The persistently high inflation and expenditures could justify the Fed's decision to keep interest rates at current levels in March.

Friday's data will provide insight into price pressures and economic activity in the US ahead of Trump's announcement of new tariffs on April 2. As Fed Chairman Jerome Powell noted, the regulator's officials have the option of keeping rates unchanged in order to better assess the impact of the administration's policies on the nation's economy. Friday will also see the release of the March consumer sentiment survey results.

Period: 27.05.2025 Expectation: 50000 pips
Buying BTCUSD amid growing institutional adoption with target 110,000
Today at 12:21 PM 6
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 30.05.2025 Expectation: 5000 pips
Tesla shares correct after explosive gains
Today at 08:25 AM 14
Period: 22.05.2025 Expectation: 600 pips
AUDUSD will grow to 0.64900 amid US rating downgrade
Today at 08:20 AM 10
Gold buy
Period: 23.05.2025 Expectation: 6000 pips
US credit downgrade would send gold to 3290
Yesterday at 11:09 AM 117
Period: 26.05.2025 Expectation: 3000 pips
Fundamental factors constrain SPX's growth potential
Yesterday at 08:27 AM 48
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 23.05.2025 Expectation: 700 pips
Silver will drop to 31.7 amid de-escalation of US-China relations
Yesterday at 07:55 AM 28
Go to forecasts