US Fed prepares to pause in first interest rate decision since Trump's inauguration

Quick Summary:

WASHINGTON: The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday (Jan 29), as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump.

"I think the story that tariffs are inflationary is overplayed in financial markets," said Jim Bullard, who is the Dr Samuel R Allen Dean of the Mitch Daniels School of Business at Purdue University.

Many economists see Trump's tariffs and immigration proposals as inflationary, potentially keeping the Fed on pause for longer if they come into effect.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaMexico

Topics: Policymakers Cent Pause President Rate Rates Tariffs Inflation Cuts Trump Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-26 @ 12:28:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 758 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25441030

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 13 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 47 minutes ago

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