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2025-07-31 02:25:26
Nick Timiraos, the "Federal Reserve's mouthpiece," wrote that the Fed made few changes to its policy statement, indicating it has no intention of signaling any upcoming rate cuts. Fed officials maintained the benchmark policy rate in the range of 4.25% to 4.5% to balance how importers, retailers, and consumers will share the costs of increased import tariffs. The outcome of the heated debate over who will bear the burden of tariffs will determine the trajectory of inflation and employment later this year and may also determine whether and when the central bank resumes rate cuts in the coming months. (Refinitiv)
