Is Stagflation Lite On Tap?
Source: SeekingAlpha
2025-03-19 20:40:00 ET
Summary
- The Fed left interest rates unchanged today as widely anticipated, noting uncertainty around the economic outlook has increased.
- Expected growth in 2025 was revised down from 2.1% to 1.7% - not a recession but weaker. And core PCE inflation was revised up from 2.5% to 2.8%.
- Markets seemed to take Powell’s notion of “transitory” tariff-driven inflation as a dovish outcome.
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Is Stagflation Lite On Tap?
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