Core Viewpoint - The current policy stalemate of the Federal Reserve is likely to persist due to ongoing uncertainties related to tariffs and inflation data [1] Inflation Data Analysis - Recent inflation data has not alleviated uncertainties stemming from tariffs, suggesting that the Federal Reserve may continue to adopt a wait-and-see approach [1] - The housing price index has shown a slight decline, indicating a potential downward trend in inflation [1] - However, prices of certain goods potentially affected by import tariffs have seen an acceleration in their price increases [1] Federal Reserve's Stance - The analyst believes that without the uncertainties related to tariffs, the Federal Open Market Committee (FOMC) would likely have enough confidence to begin lowering interest rates [1] - The current policy stalemate is expected to continue until the situation becomes clearer [1]