2025-04-08 08:27:19

According to a report by Golden Finance, Syra Malik, head of Nuveen Equities and Fixed Income, stated that the tariffs announced this year could have an overall negative impact of approximately 1.7% on actual GDP growth in the US. She noted in the report that the tariffs would also cause a rise in core PCE by 2.0% this year, which is an inflation barometer favored by the Federal Reserve. The latest data for February was 2.8%.

As the announced rates are higher than expected, Nuveen believes there is a risk of further decline in interest rates by the Federal Reserve. It said: "Our likely recommendations have risen.

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