tariffs, inflation and Federal Reserve
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Economists forecast that the tariffs will weaken the economy, possibly threaten hiring, and push up prices.
From CBS News
The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with the US S&P 500 having its worst day since the impact of Covid in 2020.
From BBC
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"While tariffs are highly likely to generate at least a temporary rise in inflation, it's also possible the effects will be more persistent," Powell told the audience at the Society for Advancing Business Editing and Writing conference in Washington, D.C.
It’s not just Easter eggs hit by inflation – the high holy days are aptly named this year, with prices for holiday staples higher than ever.
Still, expect some prices to rise — at least in the near term.
1don MSN
Powell said the tariffs and their impacts on the economy and inflation, are “significantly larger than expected.”
Thailand's annual inflation rate slowed to under 1% in March and will drop even lower in the current quarter, the commerce ministry said on Friday as it flagged a cut to its 2025 forecast but said the country was not experiencing deflation.