Inflation, tariffs
Digest more
Trump Announces Indonesia Trade Deal With 19% Tariff
Digest more
A number of factors, including a lack of significant gains in auto prices, are masking the extent of the shift.
Current tariff collections equate to 0.1% monthly inflation, aligning with recent CPI data. See why I’m skeptical that tariffs will lead to widespread inflation.
President Donald Trump may ultimately get his wish for lower interest rates, but it isn’t likely to be the result of his intensifying criticism of Federal Reserve Chairman Jerome Powell.
While Tuesday's focus was on the tariff-related inflation hit to Treasuries, it's been a rough week for government bonds everywhere - especially in Japan as long-term yields there hit new highs this week ahead of the July 20 upper house election and related fiscal policy worries.
A whiff of tariff inflation showed up in economic data this week, providing the first clues of how tariff policy might impact prices and the economy.