Economists believe that tariffs will soon lead to inflation

Don’t tuck with DJ D-SOL- Goldman Sachs Name of the Stage Director David Solomon when he rolls by clubs His other life as yes -gee.

US President Donald Trump criticized Goldman On Tuesday, for predicting the fact that the tariffs are pushing inflation and said that Solomon “should get out and get a new economist, or maybe he just focused on being and -j.”

In response, Goldman defended the results of his research, according to CNBC’s interview with Bank economist David Merick.

“If the most recent tariffs, like the April tariff, follow the same scheme as with those earlier furious, then by the fall, we estimated that consumers will have about two thirds of the cost,” Meris said.

Essentially, Goldman is not the only Bank of Wall -Story that teaches this view.

UBS Senior economist Brian Rose wrote that “the tendency to reduce basic inflation was broken when tariffs start to feed on retail prices” while Michael Ferro, chief American economist who Jpmorgan chaseHe said in the note that tariffs could “add 1-1.5% to inflation, some of which have already taken place.”

Of course, consensus opinion does not mean that the forecasts will come true. Recall how much economists were except certain The recession in the US will take place in 2023 – just for Economics grow by 2.5% this year.

In any case, if Goldman-and economists from other banks state that in tariff inflation, and Trump, in the hypothetical scenario, it is possible to push Solomon from his position, at least the DJ D-SOL will still scroll the records.

– Jeff Cox in this report submitted to this report CNBC

Economists agree that there is a higher tariff inflation. Despite Trump on Tuesday slamming Goldman Sachs for predicting higher consumer prices, the bank is Stands for its research. Other economists on Wall -Strit Agree with his call.

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