德商银行：关税或推高美国通胀并拖累美元

Core Viewpoint - US companies may pass on tariff costs to consumers, raising economic concerns and potentially weakening the dollar, which could increase inflationary pressures and lead to reduced consumer spending [1] Economic Impact - Higher inflation data may become more apparent, deepening concerns about the real economy as US consumers are the main drivers of growth [1] - The political pressure on the Federal Reserve to cut interest rates raises questions about whether the Fed will halt policy easing in this scenario [1] Currency Forecast - Deutsche Bank expects the EUR/USD exchange rate to steadily rise until the end of 2026 [1]