Evidence tariffs have fueled U.S. consumer inflation “overwhelming," BofA says By Investing.com
Update: 2025-10-31
Description
Tariffs: The Hidden Tax on Everyday Americans - This episode delves into the contentious issue of U.S. tariffs and their significant impact on inflation. With tariffs at their highest point in nearly a century, experts from BofA Securities reveal that these taxes on imports are causing consumer prices to surge. A substantial portion of the tariff costs are passed on to consumers, leading to increased prices at the checkout. The episode explores the potential for further inflation, as companies may not have fully passed on the extra costs, and discusses the Federal Reserve's delicate balancing act to manage inflation while supporting the job market.
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