Odaily Planet Daily reports that Goldman Sachs economists predict that the inflation triggered by President Trump's tariff agenda will level off again and will not last long. Goldman Sachs analyst David Mericle wrote that compared to the sustained inflation periods starting in 2021 and 2022, the U.S. economy is entering the tariff cycle in a weaker state, with more labor market slack. He stated that previous inflation was also driven by fiscal stimulus during the pandemic period—a factor that may have less impact by 2025. He pointed out that whether looking at official data or more anecdotal indicators, actual inflation has remained relatively stable so far. Mericle predicts that the worst period of inflation may end after the August data release, giving the Federal Reserve the opportunity to cut interest rates before the end of the year. (Jin10)

Odaily Planet Daily News: Goldman Sachs economists predict that the inflation triggered by President Trump's tariff agenda will level off again and will not last long. Goldman analyst David Mericle wrote that compared to the sustained inflation periods starting in 2021 and 2022, the US economy is entering the tariff cycle in a weaker state, with more labor market slack. He stated that previous inflation was also driven by fiscal stimulus during the pandemic period — a factor that may have less impact by 2025. He pointed out that both official data and various rumor indicators show that actual inflation has remained relatively stable so far. Mericle predicts that the most severe period of inflation may end after the August data release, allowing the Federal Reserve to potentially cut interest rates before the end of the year. (Jin10)

Goldman Sachs: Inflation caused by tariffs is unlikely to persist for long