Either way, the FED's proposed 2% inflation target would be far from becoming a reality anytime soon. Not with "Reciprocal Tariffs" in play. Especially the 145% tariff on goods imported from China. At this point, having such low inflation is impossible. The US will be in a much worse economic situation than the EU. Just wait and see.
Tariff have a one-off effect on price, so the inflation would spike mometnarily, but they, with base effect being a sorted, ill willl inevitabilyl decline.OF course this doesn't mean that prices will fall as well, but only that they will stabilise at ihgher level.
But at that point the dynamic induced by the recession would take its toll on inflation as well with probably negative prints.
The FED will have to cut then.