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Strategist: The Fed's decision to stay put is a wise move.
On July 15, Jin10 reported that Seema Shah, Chief Global Strategist at Signum Asset Management, stated that the rising prices of categories such as household furniture, entertainment products, and clothing indicate that tariffs are gradually penetrating core goods prices. She mentioned that the full impact of tariffs will take several months to manifest in inflation data. She added, "Although the inflation rise triggered by tariffs may be short-lived, given that higher tariffs have been announced, it would be wise for the Fed to remain on hold for at least the next few months."