TechFlow news, June 20 — According to Jinshi Data, the Federal Reserve's latest monetary policy report released Friday to Congress stated that U.S. inflation has risen and labor market conditions remain solid, but suggested that the impact of Trump's tariff measures may only just be beginning to emerge. The Fed reiterated its view that it can wait for clearer developments before taking action.
The Fed said in the report: "The effect of higher import tariffs this year on U.S. consumer prices is highly uncertain, as trade policies continue to evolve, and it is too early to assess how consumers and businesses will respond. Although the effects of tariffs cannot be directly observed in official consumer price data, the net price change patterns across various goods this year suggest tariffs may be one reason for the recent rebound in goods inflation." The report also noted that, despite uncertainties, the financial system has remained "resilient."
