Goldman stands by call that consumers will bear the brunt of tariffs after Trump blasts bank's economist
1. Goldman Sachs forecasts tariffs will impact consumer wallets significantly. 2. Consumers may bear two-thirds of the costs from recent tariffs. 3. Core PCE inflation expected to rise to 3.2% by year-end. 4. Markets are pricing in Fed interest rate cuts this year. 5. Economic conditions and inflation are closely tied, affecting S&P 500.