Mary Daly, President of the Federal Reserve Bank of San Francisco, stated that inflationary effects from tariffs are showing signs of slowdown. Federal Reserve research indicates that the main impact of these tariffs on prices had already occurred by early 2026. Market participants interpret this development as a potential easing of inflationary pressures, influencing U.S. inflation expectations for July. Observers will closely monitor the upcoming Bureau of Labor Statistics inflation data, which could confirm this downward trend.
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