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Institution: Impact of Tariffs on US Inflation Likely to Peak by Year End
Summary: According to sources, Nuveen's head of fixed income strategy, Tony Rodriguez, stated that the peak impact of US tariff hikes on inflation data is expected to be seen around the end of the year. It usually takes several months for tariffs to fully affect consumer prices, with core inflation expected to be around 3.0% this ...
According to sources, Nuveen's head of fixed income strategy, Tony Rodriguez, stated that the peak impact of US tariff hikes on inflation data is expected to be seen around the end of the year. It usually takes several months for tariffs to fully affect consumer prices, with core inflation expected to be around 3.0% this year, squeezing real incomes and dragging down economic growth. Therefore, Nuveen still anticipates further slowing of US economic growth, but should be able to avoid a recession. The company forecasts US real GDP growth rate to be around 1.0% this year, rebounding to around 1.8% next year as tariff pressures ease.
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Link: Institution: Impact of Tariffs on US Inflation Likely to Peak by Year End [Copy]
