The tariffs on imports from China, Canada, and Mexico announced by Trump on Monday could lead to a nearly 1% increase in the Federal Reserve's preferred inflation measure, according to Goldman Sachs. Goldman’s chief economist, Jan Hatzius, in a note to clients:"Using our rule of thumb that every 1 [percentage point] increase in the effective tariff rate would raise core PCE prices by 0.1%, we estimate that the proposed tariff increases would boost core PCE prices by 0.9% if implemented," The tariffs would affect 43% of U.S. goods imports and generate close to $300 billion in annual revenue, according to the Goldman Sachs' analysis.---ps. The "PCE" GS refer to is the personal consumption e
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