NY Fed reports impact of Trump tariffs on consumer prices
- 1The New York Fed stated that prices for surveyed products would have fallen by nearly 1% if Trump tariffs had not been in place.
- 2As of February, prices for 67 items were 2.9 percentage points higher due to tariffs.
- 3It was confirmed that 26% of last year's tariff increases led to actual price hikes.
So what's the key point?
The New York Fed announced that prices would have been about 1% lower without the Trump tariffs. Prices for 67 items were 2.9 percentage points higher because of the tariffs.
Source CNBC · View original ↗
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