
Explainer: Why Tariff Fears Could Fuel U.S. Inflation
How worried US consumers, facing tariff threats, raised their inflation expectations from 2.6% to 6.7%, risking a self-fulfilling rise in prices.
My Global News: Voices of a New Era
๐ Stay Ahead, Stay Global ๐
How worried US consumers, facing tariff threats, raised their inflation expectations from 2.6% to 6.7%, risking a self-fulfilling rise in prices.
U.S. tariffs spurred a record trade deficit and pushed GDP into negative territory in Q1 as consumer sentiment tumbled, highlighting potential market shockwaves.
US inflation slightly eased in January with the PCE Price Index at 2.5%, but remains above the Fedโs 2% target. Consumers expect 3.5% inflation in the next decade.