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2026-02-16 09:15:35
[US Inflation Report Paves the Way for Rate Cuts? Institutions Say Tariffs Haven't Passed Through to Prices, More Concerns About the Labor Market] Tani Fukui of MetLife Investment Management stated in a report that US inflation remains largely unaffected by tariffs. The January CPI was 2.4%, further approaching the Fed's 2% target after December's 2.7%. Fukui called it a very dovish report, supporting her view that the tariff transmission effect throughout the year will be negligible, noting that most commodity prices rose moderately. She maintained her forecast of three Fed rate cuts this year, as her concerns about the labor market far outweigh her concerns about inflation.
