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Tariffs and Policies Spark Inflation Fears for Americans

3/8/2025

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Summary

Story summary

The Trump administration's tariffs and immigration policies are set to drive inflation higher for both consumers and businesses. Morgan Stanley forecasts inflation could soar to 2.5% by 2025, while Goldman Sachs warns core PCE inflation may reach 3% this year. With food and shelter prices climbing, Americans are increasingly anxious about their financial futures.

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Story summary

The Trump administration's tariffs and immigration policies are set to drive inflation higher for both consumers and businesses. Morgan Stanley forecasts inflation could soar to 2.5% by 2025, while Goldman Sachs warns core PCE inflation may reach 3% this year. With food and shelter prices climbing, Americans are increasingly anxious about their financial futures.