Strategist: The Federal Reserve's decision to maintain the status quo is a wise move.

Seema Shah, Chief Global Strategist at PineBridge Investments, stated that the rising prices of categories such as household furniture, entertainment items, and clothing indicate that tariffs are gradually seeping into the prices of core goods. She mentioned that the full impact of tariffs may take several months to show up in inflation data. She added, "Although the inflation caused by tariffs may be temporary, given that higher tariffs have been announced, it would be wise for the Federal Reserve to stay on hold at least for the next few months."