Some already feel that as the Fed is waiting for the impact of tariffs
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In today’s big story, the Fed is I own a company regarding interest rates Federal Reserve Chairman Jerome Powell is waiting to see the impact of Trump’s tariffs. but, Some people already feel them.
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If you’ve heard this, stop me: The Fed didn’t cut interest rates as they waited to see the impact of tariffs.
During the fourth time of the year, the central bank chose not to adjust interest rates. And as in the previous cases, the impact of President Donald Trump’s trade war It was an important part of the decisionI’m writing Allie Kelly from Bi.
It’s difficult to navigate for multiple reasons. First, the ultimate severity of the tariffs is unknown as negotiations are ongoing. Secondly, no financial data has been presented yet. Notable price changes Because of the trade war.
Still, Powell said he expects tariff costs to fall to consumers in the end.
“We expect a meaningful amount of inflation to arrive in the coming months,” Powell said Wednesday, adding, “Someone has to pay for the tariffs.”
In some cases, it’s already happening. (Many customer surprises.)
Emily Stewart of Bi has a story about the shock of stickers that customers get. Sudden import invoices arrive at the gateway.
Some even questioned the legislation’s legitimacy. A customer who purchased a $850 bag from Spain thought the text he got from UPS, which charges $250 for shipment, was a scam, she told Emily.
That leads to a lot of fingers pointing about who should be responsible. Retailers often say their websites explain that import duties are the customer’s responsibility, although often in fine printing.
Airlines like UPS and FedEx say they are just passing legislation that they had to pay the US government to buyers.
Meanwhile, buyers are unhappy with the extra charges that they often don’t notice in advance. Worse, even if they return the items, they are still on the hook on the tariff bill.
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