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Charles Musing @charlesmusing.bsky.social

"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,”

www.cnbc.com/2025/08/13/a...

www.cnbc.com/2025/08/14/c...

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.

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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Charles Musing @charlesmusing.bsky.social

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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    Charles Musing @charlesmusing.bsky.social

    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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