Despite the consumer price index, economists agree on high prices

Photo of author

By [email protected]


David Solomon, CEO of Goldman Sachs, speaking to the Squawk’s CNBC Fund outside the World Economic Forum in Davos, Switzerland on January 22, 2025.

Jerry Miller CNBC

Do not mess with DJ D-Sol- Goldman Sachs The name of the CEO David Solomon’s stage when he shakes clubs His other life is like Ji.

US President Donald Trump Goldman criticized On Tuesday, to predict that the definitions will lead to an increase in inflation, and Suleiman said, “He must get out and get himself a new economist or, perhaps he should focus only on his being DJ.”

In response, Goldman defended the results of her studies, according to an interview conducted by CNBC with bank specialist David Merikli.

“If you follow the latest customs tariff, like April tariff, the same pattern we saw with that first tariff in February, then in the end, in the fall, we appreciate that consumers will carry about two -thirds of the cost,” said Merikley.

Goldman, in fact, is not the only Wall Street bank that puts this opinion.

UBS Brian Rose’s senior economists wrote that “the declining trend in the basic inflation was broken with the start of the customs tariff in overcoming retailers,” while Michael Feli, the chief American economist in Jpmorgan ChaseHe said in note that the customs tariff can “add 1-1.5 % to inflation, some have already happened.”

Of course, seeing consensus does not mean that predictions will be achieved. Remember how all economists were sure of The American recession will occur in 2023 – Just to The economy grows by 2.5 % that year.

However, if it is proven that Goldman-Economists are from other banks-he would have made a mistake in inflation driven by customs tariffs and Trump, in a virtual scenario, he managed to remove Solomon in some way from his position, at least the DJ D-Sol will remain spinning records.

Jeff Cox of CNBC contributed to this report

What you need to know today

Finally …

Apple Tim Cook CEO (R) shakes hands with US President Donald Trump during an event at the White House Oval Office on August 6, 2025 in Washington, DC.

McNamee victory Gety pictures

How great is the technology that drives its way out of the Trump tariff

The top technology executives are at the forefront of a modern group of unprecedented deals with the American President Donald Trump. In particular, NVIDIA and advanced advanced devices, as well as Apple, are concluded with agreements with the White House.

“The wave of making deals is an attempt to secure a lighter treatment than customs tariffs,” PPO Foresight, Paulo Bescator, told CNBC. Pescator said that major technology companies “can” cannot outperform millions of dollars as an additional fee that would increase their profits that are determined by the last quarterly profits. “

Sam Meridith



https://image.cnbcfm.com/api/v1/image/108090607-1737562839116-vTGvHK58.jpg?v=1737562958&w=1920&h=1080

Source link

Leave a Comment