From Cavallo et al. (Aug. 2025):
Source: Cavallo, et al. (Aug 2, 2025).
Some data consistent with an impact of tariffs:
Figure 1: PCE-durables deflator (blue), PCE-services deflator (tan), in logs 2025M01=0 Source: BEA.
From Cavallo et al. (Aug. 2025):
Source: Cavallo, et al. (Aug 2, 2025).
Some data consistent with an impact of tariffs:
Figure 1: PCE-durables deflator (blue), PCE-services deflator (tan), in logs 2025M01=0 Source: BEA.