The Federal Reserve predicts a temporary increase in inflation this year, but expects it to be short-lived, leading to discussions about the concept of “transitory” inflation. Chair Jerome Powell stated that any price jumps from tariffs are likely to be brief, with the outlook showing inflation reaching 2.8% in 2025 before quickly receding back to 2.2% and 2% in the following years, indicating a belief that the impact of tariffs will not be long-lasting. Powell emphasized the importance of inflation expectations being well anchored, and noted that while short-term inflation indicators have risen, longer-run expectations remain stable.
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Man charged with murder after woman found dead following hang-up during 911 call
A man named Terrance Lamar Bowie, 29, was arrested and charged with second-degree murder after a woman was found dead in an apartment in Shelby Township, Michigan, following a 911 call that was abruptly disconnected. Police confirmed that Bowie and the 27-year-old victim were known to each other, and his bond was set at $2 million. Want More Context? 🔎
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