MetLife: U.S. inflation unaffected by tariffs, rate cut expectations remain unchanged
ChainCatcher news, according to Golden Ten Data, MetLife economist Tani Fukui pointed out in a report that U.S. inflation has been largely unaffected by tariffs. The January CPI was 2.4%, further approaching the Federal Reserve's 2% inflation target after December's 2.7% reading. Fukui stated that this is a very benign inflation report, supporting her view that the pass-through effect of tariffs this year will be minimal, and she maintains her forecast of three interest rate cuts by the Federal Reserve this year.
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