新加坡华侨投资基金管理有限公司：美国企业很难再通过简单的涨价来维持利润

Core Insights - Richmond Fed President Tom Barkin emphasized that companies should not solely rely on price increases to pass on the costs of tariffs, warning that consumer tolerance for high prices has reached its limit, which could further suppress consumer demand [1][3] - Barkin noted that many retailers have reported a rapid decline in consumer acceptance of high prices, indicating that while theoretically companies can raise prices to cope with rising costs, this approach may not always be effective in practice [3] - Despite some indicators showing weakened consumer confidence, Barkin remains cautiously optimistic about the current state of the U.S. economy, highlighting that consumer spending and business investment are still robust [6] Economic Context - The Federal Reserve decided to maintain interest rates amid increasing economic uncertainty, particularly due to the risks associated with trade policies and tariffs [3] - Barkin expressed concerns about the dual impact of tariff policies, which could potentially raise inflation while also increasing unemployment, posing significant challenges for the Fed's monetary policy [9] - The current economic situation is characterized by a search for balance amid uncertain trade policies and high inflation pressures, with Barkin's remarks serving as a reminder of the unprecedented challenges faced by both businesses and consumers [9]