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The inflationary impact of tariffs has faded

economic
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02/24/2026, 01:30 PM
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The inflationary impact of tariffs has faded
Goldman Sachs economists, referring to the Supreme Court’s cancellation of the IEEPA tariffs, expect the inflationary effects of tariffs to decline. According to the bank’s estimate, tariffs imposed since April have added 0.7 percent to core inflation, PCE, but the pace of transmission has slowed. Goldman Sachs emphasized that only another 0.1 percent will be added to underlying inflation from this point, describing the final impact on consumer prices as minor.
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