Reported about 21 hours ago
UBS economist Arend Kapteyn warns that the gradual increase of US tariffs by President-elect Trump could complicate the Federal Reserve's fight against inflation. Instead of a temporary price shift, rolling tariffs might lead to continuous supply shocks, making it harder for the Fed to manage inflation. Kapteyn suggests that financial markets have not fully priced in the inflationary risks associated with these tariffs, which could have varying impacts depending on their scope and exemptions.
Source: YAHOO