Tax Refunds Will Trigger Inflation Next Year, Kelly Says
Bloomberg Televisionยท2025-08-12 13:29
When will you be comfortable that we've seen the limits of this. How many more months of data do you need. Oh, we're just getting started.I mean, what we saw today was plenty of inflation. Without tariff effects, we didn't have a big increase in new car prices. We now have a big increase in apparel prices.But let's look at where we did see an increase. Airline fares have come down a lot because the airline industry was very weak. But if you look at the recent data on people going through TSA checkpoints, it ...