'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts
1. Fed sees short-term inflation from tariffs, easing long-term concerns. 2. Current inflation expected to peak at 2.8% but recede to 2% by 2027. 3. Market responded positively, indicating confidence in Fed's inflation control. 4. Potential rate cuts could boost investor sentiment and stock market. 5. Concerns remain over lasting impacts of tariffs and economic stability.