PANews news on April 3rd, according to Jinshi report, analyst Eamonn Sheridan stated that UBS previously estimated that if the proposed tariffs are fully implemented, as import costs penetrate consumer prices, the US inflation rate could rise to around 5%. The analyst believes that if the Federal Reserve considers this increase to be "temporary", they will cut interest rates due to growth panic.
UBS believes full implementation of tariffs will push US inflation to 5%
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