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The economical outlook looking forward for average Americans is not looking good, those who voted for Crazy Trump will sure regret doing so.
Powell warns of more volatile inflation as latest data shows impact from tariffs
“We are beginning to see the impact of trade policy filtering into the hard data in such a way that it’s impossible to deny that it is now affecting revenues and profit margins for firms,” Brusuelas said.
Those higher costs will likely start spilling over to consumers soon, he said.
And the economy-powering consumers are already showing some signs of fatigue: Sales at US retailers slowed sharply in April to 0.1% after a surge of 1.7% in March, when shoppers rushed to beat the slew of new tariffs.
Jerome Powell warns of more frequent 'supply shocks' — and interest rates that stay higher for longer
The Federal Reserve chair said it's premature to consider cutting rates now
“Higher real rates may also reflect the possibility that inflation could be more volatile going forward than in the inter-crisis period of the 2010s,” Powell said. “We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks,”
Jerome Powell warns of more frequent 'supply shocks' — and interest rates that stay higher for longer
The Federal Reserve chair said it's premature to consider cutting rates now
qz.com