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US stagflation fears rise ahead of tariff hit

US stagflation fears rise ahead of tariff hit

Aggressive tariff moves are likely to continue the trend of hot inflation and cooling consumer spending

THINK United States

James Knightley

James Knightley

Chief International Economist

Latest on United States

US manufacturers increasingly concerned as Trump tariff optimism fades

US manufacturers increasingly concerned as Trump tariff optimism fades

We think Trump's economic plans will weaken US manufacturing still further

Advanced talks with US lower risk of high reciprocal tariffs on India

Advanced talks with US lower risk of high reciprocal tariffs on India

Early reports indicate that India is willing to reduce tariff duties selectively and explore ways to improve US market access

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How the European Union could counter US tariffs

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Where to next for the Canadian dollar as trade war begins

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Hawkish hold from the Fed to test Trump’s patience

Sliding sentiment adds to US growth concerns

Sliding sentiment adds to US growth concerns

Watch: Brace for Trump's 'liberating' Tariff Day in April

Knightley: We'll be waiting months for the next Fed rate cut

US inflation cools, but tariffs threaten higher prints in coming months

US inflation cools, but tariffs threaten higher prints in coming months

By Padhraic Garvey, CFA and James Knightley

Deep tariff angst – where now for US rates?

Opinion Deep tariff angst – where now for US rates?

Resilience of US job creation set to be tested

Resilience of US job creation set to be tested

Strengthening US domestic clean energy production is key to reducing tariff shocks

Strengthening US domestic clean energy production is key to reducing tariff shocks

US manufacturing shows signs of tariff concerns

US manufacturing shows signs of tariff concerns

FX

More FX

US Federal Reserve seeks clarity as it leaves rates on hold

US Federal Reserve seeks clarity as it leaves rates on hold

Federal Reserve preview: No imminent pressure, but downside growth risks point to 2H rate cuts

Federal Reserve preview: No imminent pressure, but downside growth risks point to 2H rate cuts

Where to next for the Canadian dollar as trade war begins

Where to next for the Canadian dollar as trade war begins

Hawkish hold from the Fed to test Trump’s patience

Hawkish hold from the Fed to test Trump’s patience

Credit

More Credit

US Dollar Credit Supply: Higher supply than previous July levels

Report US Dollar Credit Supply: Higher supply than previous July levels