I would not be surprised to see these price come back down -- seems like a temporary imbalance of supply and demand. Only question is when.
Charles Musing
@charlesmusing.bsky.social
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Chief Researcher at http://www.amerimetrics.com Raging political centrist and believer in unity and liberty.
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while Michael Feroli, chief U.S. economist at JPMorgan Chase, said in a note that tariffs could “add 1-1.5% to inflation, some of which has already occurred.”
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Goldman, in fact, is not the only Wall Street bank putting forth this view.
UBS senior economist Brian Rose wrote that “the downward trend in core inflation has been broken as tariffs start to feed through into retail prices,”
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"As Trump berates Goldman, other economists agree that higher tariff inflation is coming"
by the fall, we estimate that consumers would bear about two-thirds of the cost,”
As Trump berates Goldman, other economists agree that higher tariff inflation is coming
Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it's far from alone in that view.
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Jesus wouldn't do anything Trump does.
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We'll recalculate it also. Remember the great maths for the "reciprocal" tariffs?
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Looks like Broccoli, Lettuce, and Spinach are the drivers of the 38.9% one-month increase in Fresh and Dry Vegetables. Weather? Supply-Demand imbalance? Labor prices?
I believe about 95% of US consumption is of US-grown crops.
Export issues in the trade war? Hoarding?
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Trump. Screwing. Farmers.
Republican Don Bacon accused President Donald Trump’s global tariffs ... Nebraska's GDP had dropped by just over 6% in the first quarter of 2025 compared to the same time period last year, tying with Iowa for the lowest in the nation.
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I'm sure the dictator will try to suppress this report as well.
ALL the numbers were WAY bad:
Producer Price Index (will hurt large and small business profits or be passed on to consumers as higher prices):
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SHOCKING. HIGH. TRUMP. INFLATION.
One-month increase: 0.9% vs 0.2% expected Core PPI one-month: 0.6% vs 0.3% expected
3.3% PPI increase over last year!!! 2.8% Core PPI increase
Goods up 0.7% Services up 1.1%
