US Dollar: Tariff passthrough keeps inflation pressure alive – BNY
The post US Dollar: Tariff passthrough keeps inflation pressure alive – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu reports that the New York Fed’s latest Liberty Street Economics analysis warns many United States (US) firms still plan tariff-related price increases, implying persistent inflation pressures that matter for the US Dollar (USD) and Federal Reserve (Fed) policy. Nearly half of tariff-paying companies expect further hikes, with gradual pricing and fixed contracts extending adjustment and complicating disinflation. Tariffs extend U.S. inflation timeline “The New York Fed said in its July 8 Liberty Street Economics post that more tariff passthrough still lies ahead for many U.S. firms. Drawing on regional business surveys, the institution reported that nearly half of firms that pay tariffs directly are still planning further price increases, with some expecting to raise prices six months or more from now.” “It said roughly 47% of service firms and 44% of manufactu