The Federal Reserve (FED) official Baer did not comment on the interest rate outlook in prepared remarks.

Golden Finance reports that Federal Reserve’s Barr did not comment on the interest rate outlook in his prepared remarks. Barr stated that the foundation of the U.S. economy is solid, and inflation is expected to drop to 2%, but the uncertainty of trade policy has impacted the outlook. Trade shocks may particularly harm small businesses and trigger price rises in the event of supply chain disruptions or business closures.

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