As Trump berates Goldman, other economists agree that higher tariff inflation is coming
1. Goldman Sachs warns of rising inflation due to tariffs. 2. Economists predict inflation could rise 1-1.5%, impacting S&P 500. 3. GDP growth forecast lowered, as tariffs hit consumer spending. 4. Effective tariff rates expected to reach 18%, raising prices. 5. Labor market weakening could delay potential Fed rate cuts.