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Goldman Sachs’ chief US economist, David Mericle, argues that President Trump’s tariffs won’t trigger sustained inflation. He forecasts three Fed rate cuts this year, starting in September, citing balanced labor market conditions.
- Mericle expects three Fed rate cuts in 2024, starting in September, due to stabilizing inflation trends.
- Tariff-driven inflation is seen as transitory, with labor market rebalancing preventing prolonged price surges.
- Current economic conditions differ sharply from 2022, reducing risks of tariff-induced inflation spirals.
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