CoinVoice recently learned that according to Jinshi, Bank of America economist Stephen Juneau wrote in a report to clients on Thursday that “upcoming potential policy changes, higher tariffs, deficit-financed tax cuts and tighter immigration policies could all put upward pressure on prices.
Indeed, as a result of these policy changes, we forecast that core PCE inflation will barely fall over the next two years. At its meeting next week, the Fed will also have to acknowledge the lack of progress on inflation, and we think the Fed is likely to pause in its rate cuts in January, with the risk that policy changes (in a second Trump term) could make that pause protracted.” [Original link]