consumer prices

Federal Reserve research confirms Trump's 2025 tariffs caused 3.1% core goods inflation spike with complete consumer pass-through, contributing 0.8% to broader core PCE.

Trump's proposed 15% global tariff would raise costs for importers across industrials, automotive, and consumer goods, potentially pressuring margins and stock valuations.

Supreme Court rejects tariffs, boosting retail outlook. Costco, Five Below, and Wayfair positioned to benefit from reduced cost pressures and improved margin stability.