1128 ET - About one-third of tariff-related inflation probably is still left to pass through the economy in coming months, says Stephen Douglass of NISA Investment Advisors says. That puts the economy on track to perform well, while keeping the Fed on hold for a while. "We are back on track towards the soft landing," he says. "The labor market will stabilize, and then the last vestiges of tariff inflation will pass through in the first half of the year." He expects to see goods inflation falling below zero in 2H, allowing the Fed to resume cutting a bit later than markets expect. "Our call for this year is cuts in September and December." (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

February 13, 2026 11:28 ET (16:28 GMT)

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