Goldman Sachs predicts nearly 1% inflation increase due to new Trump tariffs ...Middle East

The tariffs on imports from China, Canada, and Mexico announced by Trump on Monday could lead to a nearly 1% increase in the Federal Reserve's preferred inflation measure, according to Goldman Sachs. Goldman’s chief economist, Jan Hatzius, in a note to clients:"Using our rule of thumb that every 1 [percentage point] increase in the effective tariff rate would raise core PCE prices by 0.1%, we estimate that the proposed tariff increases would boost core PCE prices by 0.9% if implemented," The tariffs would affect 43% of U.S. goods imports and generate close to $300 billion in annual revenue, according to the Goldman Sachs' analysis.---ps. The "PCE" GS refer to is the personal consumption e

Read More Details
Finally We wish PressBee provided you with enough information of ( Goldman Sachs predicts nearly 1% inflation increase due to new Trump tariffs )

Also on site :

Over 20 Palestinians, children included, killed in Israeli airstrikes in Gaza
Suspect search underway after woman shot on West El Camino Avenue in Natomas
Dem Bulb: Scott Jennings Laughs that Failure of Fake Biden Town Hall Was Blamed on Bad Lighting

Goldman Sachs predicts nearly 1% inflation increase due to new Trump tariffs ...Middle East

‘7 Little Johnstons’ Alex & Girlfriend Allie Share Major Announcement

Zeldin slams Whitehouse in heated exchange: Americans 'put President Trump in office because of people like you'

Peter Thiel’s deep protégés: a common thread runs through Trump’s tech team

Florida considers controversial black bear hunt amid strong opposition

The Professional Skincare Brand Estheticians Swear By — And You Can Try at Home

Aimee Lou Wood Eyed to Play Pattie Boyd in Beatles Biopics: Report

German FM Klingbeil met with US Treasury Secretary Bessent: Agreed to meet again

After criticizing South Africa for months, Trump is meeting with its president

'Just the beginning…' - Neeraj Chopra reacts to his first 90m throw, second-place finish in Doha Diamond League

New ‘license’ law coming on July 1 with drivers forced to pay $10 surcharge – it will change plates forever

Reneé Rapp Comes Back to Break NDAs and Spill Secrets on New Single ‘Leave Me Alone’

Costa Ronin Joins ‘The Terminal List’ For Season 2

Doctor tells inquest he learned ‘to be more compassionate’ since baby’s death

Michelle Obama has flirty exchange with CEO pal on podcast: ‘Very invested’

Keyshawn Johnson recalled the ‘craziest’ Bill Belichick-Bill Parcells argument he ever saw