内容摘要：“There is no possibility of being able to pass on those tariffs” to customers in the form of

“There is no possibility of being able to pass on those tariffs” to customers in the form of

AP Washington correspondent Sagar Meghani reports the Federal Reserve is leaving its key interest unchanged for a third straight meeting.It is unusual for the Fed to face the risk of both higher prices and more unemployment. Typically, rising inflation occurs when consumers are spending freely and businesses, unable to meet all the resulting demand, raise their prices instead, as happened after the pandemic. Meanwhile, increasing unemployment occurs in a weaker economy, which usually slows spending and cools inflation.

A combination of both higher unemployment and steeper inflation is often referred to as “stagflation” and strikes fear in the hearts of central bankers, because it is hard for them to address both challenges. It last occurred on a sustained basis during the oil shocks and recessions of the 1970s.Most economists say, however, that Trump’sdo pose the threat of stagflation. The import taxes could both lift inflation by making imported parts and finished goods more expensive, while also raising unemployment by causing companies to cut jobs as their costs rise.

The Fed’s goals are to keep prices stable and maximize employment. Typically, when inflation rises, the Fed raises rates to slow borrowing and spending and cool inflation, while if layoffs rise, it would cut rates to spur more spending and growth.At the beginning of the year, analysts and investors expected the Fed would reduce its key rate two or three times this year, as the inflation spike that followed the pandemic continued to cool. Some economists also think the Fed should cut in anticipation of slower growth and worsening unemployment from the tariffs. But Powell was adamant that with the economy in good shape for now, the Fed can stay on the sidelines.

Several months ago, many analysts also expected the economy would achieve a “soft landing,” in which inflation would finally drop back to its target of 2%, while unemployment would stay low amid solid growth.

Yet on Wednesday Powell said that was less likely to be achieved.and hired Stephanie White as coach and Amber Cox as general manager.

The Fever are +300 at BetMGM to win the WNBA championship, behindat +225 and Las Vegas at +275. Minnesota, at +400, is the other notable contender.

The Liberty (+225) also are the favorites at DraftKings Sportsbook, with the Fever, Aces and Lynx next at +370 each.“They’re a lot better team,” DraftKings race and sports operations director Johnny Avello said of the Fever. “We had them, I think, 100-1 to win it all opening last season. They took a lot of money. This year, they’re taking a lot of money again. That’s the one team that most people are interested in.”