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A comment on Kiel Institute Analysis: US Americans pay 96% of tariff burden. Parent comment
Inflation was on a glide path to the 2% target until the tariffs. Now it's back to ~3% (most say the 2.7% was off b/c of the missing data).
The general economy is also slowing. Job growth has basically cratered, and mass layoffs are increasing. So people have cut spending.
The stock market has provided some cover because of the huge growth from the AI trade.
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Inflation was on a glide path to the 2% target until the tariffs. Now it's back to ~3% (most say the 2.7% was off b/c of the missing data).
The general economy is also slowing. Job growth has basically cratered, and mass layoffs are increasing. So people have cut spending.
The stock market has provided some cover because of the huge growth from the AI trade.