Tariffs Mask Falling Inflation: Business Leaders' Guide To Fed Policy

1. Tariff effects reduce effective inflation rates, influencing Fed's interest rate decisions. 2. Average tariff pass-through to consumers currently at 20%, expected to rise. 3. Federal Reserve may implement 'see-through' policy, easing rates despite tariffs. 4. Persistent inflation influenced by consumer expectations could complicate monetary policy. 5. Fed's cautious approach may limit rate reductions affecting S&P 500 companies.