Federal Reserve mouthpiece: San Francisco Fed report shows tariffs will not push up inflation
According to Odaily, Nick Timiraos, the Federal Reserve's mouthpiece, posted on the X platform that a report from the San Francisco Fed pointed out that tariffs do not drive up inflation, as tariffs increase uncertainty and suppress consumer and business demand, thereby causing a greater downward impact on economic growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mitsubishi Electric: Strong Demand for Gas Turbines, Delivery Schedule Extended Until 2031
Mitsubishi Electric stated that demand for gas turbines has exceeded manufacturing capacity, resulting in increasingly longer delivery lead times.
Tesla sees a massive $37.4 million call options order! What is the capital betting on?
Crypto prices
More
