Fed's Musalem: Expect new tariffs to have direct effect on inflation
Portfolio Pulse from
Alberto Musalem, president and CEO of the Federal Reserve Bank of St. Louis, suggests that upcoming tariffs will have both direct and indirect effects on inflation. This indicates potential upward pressure on consumer prices and economic costs in the near term.
March 26, 2025 | 7:00 pm
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NEGATIVE IMPACT
Potential inflationary pressures from new tariffs could create market uncertainty and impact broad market indices like SPY.
Tariffs typically increase production costs, which can lead to higher consumer prices and potential market pullback. The broad market ETF SPY would likely experience negative sentiment.
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IMPORTANCE 80
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