transitory

“The softness in the remaining months of the quarter seem to potentially be government-shutdown-related and are likely transitory,” said Scott Haralson, Hertz’s chief financial officer, on the company’s Nov. 4 earnings call.

Most supply shocks are, by definition, transitory and cannot explain the persistence of sticky inflation like the kind the U.S. has seen since mid-2023.

Fed officials now think that any increase from tariffs will be transitory and will fade, putting inflation on a downward path to 2%.

“This impression that, oh, inflation is a very transitory thing, is weakening,” she said.

Some of these factors, such as unseasonable weather, are transitory, while others — like inflationary pressures, uncertain trade dynamics and an “ever-changing” geopolitical environment — may be long-lasting, the CEO noted.