Tariffs' Impact on Inflation: Less Dramatic Than Feared
Update: 2025-12-17
Description
Despite initial fears, President Trumps tariffs havent caused a significant surge in inflation. The annual inflation rate reached 3% in September, lower than predicted. Consumers and businesses initially expected much higher price increases due to tariffs, but these expectations have since decreased. Federal Reserve Chair Jerome Powell believes tariff-related inflation will peak in early 2026 and add only a fraction to consumer prices. The impact of tariffs on overall prices has been less severe than anticipated, likely due to exporters accepting lower prices and some tariff rollbacks.
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