US Consumers Face Rising Costs Amid Tariff and Inflation Pressures
TL;DR Summary
Goldman Sachs reports that US consumers will bear the majority of the costs from President Trump's tariffs, leading to increased inflation and influencing Federal Reserve interest rate decisions, with tariffs expected to raise core inflation to 3.2% by December.
- US Consumers to Bear Brunt of Tariff Hit, Goldman Economists Say Bloomberg.com
- Trump said foreign countries would 'eat' tariffs—but U.S. consumers and businesses will actually pay 75% at best Fortune
- Will US inflation numbers withstand pressure from Trump? Financial Times
- Bad news for US shoppers: The cost of everything from laptops to cars is likely to keep rising Business Insider
- Everyday Economics: CPI takes center stage as tariff-driven price pressures mount The Center Square
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