Reported about 13 hours ago
Goldman Sachs economists predict that the burden of President Trump's tariffs will increasingly shift from companies to US consumers, potentially raising consumer price inflation significantly. While consumers currently absorb 22% of tariff costs, this could rise to 67%, leading to faster inflation rates as companies hike prices in response to tariffs. The report highlights that tariffs are expected to contribute to a rise in core personal consumer expenditure inflation, complicating monetary policy decisions for the Federal Reserve.
Source: YAHOO