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‘Run Your Models’: Trump Forces Fed To Do The Tariff Math
Higher prices.
That's the answer if the question is about the macro read-through of Donald Trump's
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Seems to me JPow, knowing that Trump will be out for him anyhow and smarting from being behind the COVID inflationary curve, might want to declare an emergency of his own (justified given the low bar for declaring emergencies Trump has set)…and push out an inter-meeting rate hike of…oh, maybe 1%?
Few seem to mention or acknowledge that US companies will quickly raise prices based on the impact of tariffs whether they import their wares or not. Tariffs will be used as “cover” to justify price gouging, oops I meant, “profit maximization”
I’d wager that Pepsico will roll out another 15% price hike on Wednesday with a few more to follow.