U.S. inflation expected to ease, but tariffs are stealing the spotlight [MSNBC.com]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: MSNBC.com
A fresh report on U.S. inflation is expected to show a slight decline in price growth for March, but analysts say any results indicating such a slowdown probably don’t mean much anymore.The Bureau of Labor Statistics on Thursday will release last month’s consumer price data, with forecasters predicting inflation having ticked down slightly.That decline would offer little respite from ongoing concerns that President Donald Trump’s unprecedented tariff plan — evenafter he softened it Wednesday“Given how much more the president has increased tariffs on China, the effective [tariff] rate is not that different in totality,” Andy Schneider, senior U.S. economist at BNP Paribas, told NBC News after Trump’s surprise announcement easing some tariffs.Even beforeTrump’s shock tariffs announcementU.S. businesses “appear eager to pass on cost increases to consumers,” analysts with BNP Paribas wrote in a note to clients this week, citing a February Federal Reserve survey that found 80% of responden
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