What will the US Fed do on 30 July 2025? - Part 2

Just as expected, the US Fed maintained its rates for its July FOMC meeting.  Is the Fed right?

Let's take a look at the latest core PCE.

The latest core PCE had increased to 0.3% (mom).  This showed that Trump's tariffs are trickling into the inflation data now.  The US inflation data will get worse after this report because the minimum tariff is 15% now.