The looming deadline for President Donald Trump‘s tariffs has sparked a shift in Wall Street’s predictions. Analysts are now projecting a more moderate increase in inflation, a departure from earlier fears of a significant surge.
What Happened: Despite initial concerns that businesses would pass on tariff increases to consumers, leading to a rise in inflation, these fears have subsided in the months following Trump’s “Liberation Day” in April, reported Fortune. Treasury Secretary Scott Bessent’s description of tariffs as the “dog that didn’t bark” has gained traction, with analysts now anticipating a potential delay or a single inflation hike instead of a continuous increase.
