Inflation will move toward 2% target, but risks to outlook are rising, says Fed's Musalem
1. Inflation risks are increasing, according to St. Louis Fed President Alberto Musalem. 2. February saw a significant drop in consumer confidence due to rising inflation expectations. 3. Manufacturing PMI indicates sharp price increases, affecting future inflation forecasts. 4. Investors expect stable interest rates despite hopes for decreased inflation. 5. U.S. tariffs may further elevate inflation, complicating Fed's rate decisions.