Fed Chair Powell: If no new tariffs, goods inflation should peak in 'first quarter or so'

Group 1 - Inflation expectations have decreased according to the SCP report, with tariff price increases expected to pass through in the next three months, potentially taking up to six months to fully materialize [1][2] - The impact of tariff inflation is gradual, as it takes time for the effects of announced tariffs to be fully realized, with goods needing to be shipped from different locations [2] - If no new tariff announcements occur, inflation from goods is projected to peak in the first quarter of next year, with subsequent increases being minimal, potentially just a few tenths [3][4] Group 2 - The timeline for the full effect of tariffs is estimated to be around nine months, after which a decrease in inflation is expected in the latter half of next year [4]