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Fed's Barkin: Tight finances for low-income consumers impact inflation
Summary: According to sources, the Federal Reserve's Barkin stated that tight finances for low-income consumers could suppress consumption, thereby mitigating the inflationary impact of tariffs. He noted that consumers may accept price increases for certain essential goods, but will also resist by downgrading consumption or delaying purchases to counter rising prices. Barkin expects future inflation to ...
According to sources, the Federal Reserve's Barkin stated that tight finances for low-income consumers could suppress consumption, thereby mitigating the inflationary impact of tariffs. He noted that consumers may accept price increases for certain essential goods, but will also resist by downgrading consumption or delaying purchases to counter rising prices. Barkin expects future inflation to be more moderate than expected, as consumers currently feel financially constrained and must budget carefully.
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Link: Fed's Barkin: Tight finances for low-income consumers impact inflation [Copy]
