US consumers will bear brunt of Trump's tariffs, say Goldman Sachs economists
1. Consumers will bear more tariff costs as companies raise prices. 2. Inflation is expected to rise, with core PCE projected at 3.2%. 3. Federal Reserve uncertain about rate cuts due to tariff impacts. 4. Trump pressures the Fed for rate cuts amid inflation concerns. 5. July's Consumer Price Index will provide further inflation insights.