‘Inflationary’ tariffs by U.S. could upset expectations for multiple Fed rate cuts into 2025
If the levying of tariffs causes inflation to jump higher, then the Fed “may not cut rates as aggressively” as estimated, a Wells Fargo team says.
If the levying of tariffs causes inflation to jump higher, then the Fed “may not cut rates as aggressively” as estimated, a Wells Fargo team says.
