US April Inflation Rate Cools Goldman Sachs: Early Inventory Delays Inflation Crisis
Jin10 News, May 13th: The annual U.S. inflation rate cooled in April, during which companies were striving to adapt to the impact of Trump's unpredictable trade policies. The monthly inflation rate recorded 0.2%, higher than March's -0.1%, roughly in line with economists' expectations. In April, Trump's tariffs caused market turbulence throughout the month. Retailers have been working hard to keep prices stable for their customers, but they warn that they will eventually have to raise prices. Goldman Sachs economists stated that pre-tariff inventory buildup by companies might moderately delay passing higher prices onto consumers.
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