Will President Donald Trump's massive tax law passed in July turn out to be more sweeping than policymakers expected? The legislation, which GOP leaders dubbed the "One Big Beautiful Bill," contains giveaways so generous that they may reignite inflation, many economists and strategists believe. What’s more, they’ll hit consumer pocketbooks early next year, making the path for the Federal Reserve and the economy a bit bumpy. Because the law makes tax changes retroactive through 2025, some analysts are exp ...