The Fed is preparing for rate cuts, but waiting on job losses
Housing Wire
MAY 7, 2025
During Wednesdays FOMC press conference, Jerome Powell discussed how the economy was performing well before the trade war began and acknowledged that the tariffs were much larger than anticipated. As a result, the Fed has increased its projections for the risk of higher unemployment and inflation. This development isn’t surprising, as the impact of significant tariffs can lead to shortages in the short term.
Let's personalize your content