The responses to a Federal Reserve Bank of New York survey came as President Donald Trump struck a deal that significantly — though temporarily — lowered tariffs on imports from China.
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Consumers See Lower Inflation Ahead Across All Horizons
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Fed Signals No Rate Cuts Before September
Two Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September.
May 19, 2025Government, Business
Inflation Expectations Hit Nearly 3-Year High
Median expectations for inflation three years from now rose to 3.2% in April, the highest reading since July 2022. Estimates for year-ahead price growth, however, held steady.
May 8, 2025