On November 27, BlockBeats news reported that Goldman Sachs analysis indicated that US President-elect Trump’s proposal to impose 25% tariffs on goods from Canada and Mexico could generate approximately US$300 billion in annual revenue. However, this move could also lead to a 0.9% increase in core PCE inflation.
According to Jan Hatzius, Goldman Sachs’ chief economist, the tariffs would significantly raise consumer prices. While the proposal might be a negotiation tactic, and its implementation remains uncertain, market expectations for the Federal Reserve to cut interest rates have started to weaken.
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