"[Analysis: The Federal Reserve is likely to hold steady, inflation remains an unpredictable economic variable] Odaily Planet Daily News – Federated Hermes fund manager Karen Manna stated in a report that the institution continues to believe the Federal Reserve is likely to hold steady, while inflation remains one of the most unpredictable macroeconomic variables. She noted that the shift from the low-inflation environment following the 2008-09 financial crisis to the post-pandemic surge in inflation was driven by supply chain disruptions, changes in consumption patterns, and labor market imbalances. Although many of these distortions have subsided, a series of new variables continue to cast uncertainty over the inflation outlook. These variables include tariffs implemented last year, periods of reduced economic visibility around last fall's government shutdown, elevated energy prices, and significant capital expenditures related to artificial intelligence. 'The result may be that the process of inflation easing will be more uneven and phased compared to what the market has experienced in previous cycles, reinforcing the Federal Reserve's cautious and data-driven approach,' she said." (Jin10)