Goldman Sachs Reports Decline in Inflation Impact from Tariffs
Supreme Court ruling nullifying Ieepa tariffs is expected to reduce tariff-related contributions to U.S. core inflation, according to Goldman Sachs economists.
CORE
Summary
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Terms & Concepts
- Core PCE Inflation: A measure of U.S. inflation that excludes volatile food and energy prices, based on personal consumption expenditures data.
- Tariff: A government-imposed tax on imported goods, often used to protect domestic industries or generate revenue.
- Ieepa Tariffs: Trade tariffs implemented under the International Emergency Economic Powers Act (U.S. law granting economic sanction authority).