Among the interesting outcomes of today's Federal Reserve policy meeting, which left interest rates unchanged, was a discernible stagflationary flavor in the 2025 projections: Growth was downgraded by 0.3 percentage points to 1.4%, while core inflation was raised by the same

While on central banks, look for the US Federal Reserve to leave interest rates unchanged today. There is considerable interest in: The extent to which it will lower its growth projection. What it does with its inflation forecast. Whether the dot plot will leave two rate cuts

If prices shoot up this summer, the Fed will likely stay on the sidelines for longer. Labor would have to convincingly sputter to prompt cuts. But if an anticipated tariff-driven price punch turns out to be a damp squib, earlier cuts are possible www.wsj.com/economy/central-banking/the-fed-waits-out-the-tariff-economy-fb1b794a?st=KtQXzb&reflink=desktopwebshare_permalink

Powell sums up why the Fed both expects prices to rise in the near term but has such difficulty forecasting the magnitude: Someone has to pay the tariff, but it's hard to know who. "There's the manufacturer, the exporter, the importer and the retailer and the consumer. And each