Tariffs likely to cause higher inflation and slower growth, Powell warns

“While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.”

— Federal Reserve Chair Jerome H. Powell

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Briggett · T

Okay I got to say of what I’ve seen here of late, however I’m quite ready to eat a little crow yet but the price at the pump went down.12 cents from last Friday. I like the savings.
Has anyone else noticed?

KunsanVeteran · M

@Briggett Unleaded gas went up $ 0.25 - 0.50 per gallon here over the weekend. I didn’t check today. The gad buddy app(free) makes comparison shopping easy.

Briggett · T

@KunsanVeteran wow sorry to hear about that! Not what I was expecting but news is news.
I’m fair but but I’m firm, got to call it when I see it.

KunsanVeteran · M

@Briggett I would expect gasoline prices to move opposite the stock market, but only after some amount of latency. Check again in one week. Everything was wild today because the tRUMP misadministration floated a fake rumor that tRUMP was delaying tariffs again. The markets fluctuated wildly.