- We will be working to separate tariff from non-tariff inflation
- It’s too soon to say if it will be appropriate to look through the effects of tariff inflation
- It will depend on tariff inflation moving through quickly
- The base case is that tariff inflation will be transitory
- It will depend on inflation expectations being anchored
- There is some inertia in changing forecasts among high uncertainty
Team Transitory is re-assembling here. Gold is at a fresh record high, up $11 to $3045.
This article was written by Adam Button at www.forexlive.com.
