US Drop-In: Are higher tariff rates fuelling inflation – and how should the Fed respond?

Our US team hosted a special online briefing just after the July CPI release, all about the US economic and policy outlook. During this session, the team answered questions from the audience and addressed key issues, including:

• What the latest inflation data suggest about how tariffs are affecting the US economy;
• The outlook for employment as the immigration crackdown rolls on;
• The Fed’s next steps and what to expect from personnel changes.