There's 'overwhelming evidence' tariffs have raised consumer prices, says Bank of America
There's 'overwhelming evidence' tariffs have raised consumer prices, says Bank of America
www.businessinsider.com
There's 'overwhelming evidence' tariffs have raised consumer prices, says Bank of America
The analysts wrote in a note on Friday that consumers have covered about 50% to 70% of the cost of tariffs to date.
Analysts at the Bank of America said tariffs have raised prices for consumers.
They wrote in a note that consumers have covered about 50% to 70% of the cost of levies to date.
This suggests tariffs will continue to put "upward pressure" on inflation, they said.