And Deutsche Bank chief U.S. economist Matthew Luzzetti notes it’s a “hawkish” outlook for the Fed heading into 2025, nodding to the potential for “stickier” inflation due to tariffs. 4% to 4.5%.
Yet during his previous term in the White House, Trump publicly attacked Chair Jerome Powell after the Fed raised rates to fight inflation, and he may do so again. The economy is also clouding the ...