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美联储巴尔金:消费者财力吃紧削弱关税通胀效应
Sou Hu Cai Jing·2025-08-12 23:21

Core Viewpoint - The current financial strain on middle and low-income consumers is likely to suppress their spending, which may mitigate the inflationary impact of tariffs [1] Group 1: Consumer Behavior - There are indications that consumers are more financially constrained than a few years ago, leading to potential reductions in consumption [1] - Consumers may accept price increases on essential goods but will likely respond by downgrading their consumption or delaying purchases in other areas [1] Group 2: Inflation Outlook - The inflation outlook is expected to be milder than previously anticipated, as consumers are no longer in a position of having ample cash and strong spending willingness as seen in 2022 [1] - By 2025, consumers are expected to feel financially tight, necessitating more careful budgeting [1]