Analyst: The current policy deadlock of the Federal Reserve may continue.

Alliance Bernstein analyst Eric Winograd stated that the latest inflation data has not diminished the uncertainty caused by tariffs, which is likely to keep the Federal Reserve on hold. He said that the slight decrease in the housing price index indicates that the potential downward trend in inflation remains unchanged. However, prices of some goods that may be affected by import tariffs have increased more rapidly. Winograd said, "In fact, if it weren't for the uncertainty related to tariffs, I believe the Federal Open Market Committee would have enough confidence in this trend and would have already started cutting interest rates." He also stated that the current policy deadlock may continue until the situation becomes clearer.