Tries not to focus on news report about the Fed, but on things that actually matter.May be at an inflection point on inflation, most recent CPI suggests inflation pressures are building.Right now would wait on cutting rates.Businesses say this is not a textbook tariff situation, are using different strategies for changing prices.May be into 2026 before full impact of tariffs on inflation is clear.Data will have to guide upcoming policy decisions.The Fed operates by committee, with a diversity of viewsInflation is not at the Fed's target, central bank needs to preserve its credibility by meeting that goalBostic does not seem like someone Trump could convince to cut rates. This article was written by Greg Michalowski at www.forexlive.com.