May
20

Inflationary Impacts

The imposition of added tariffs on some Chinese goods and new tariffs on others will boost inflation by 0.1% to 0.3% depending on the inflation measure, with goods inflation and core inflation being pushed up more than services inflation or headline inflation. More importantly, the Fed is very unlikely to raise rates in response as inflation is already low and because this is a one-off event that will dissipate quickly.   

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