Tariffs to Drive Up US Consumer Prices, Goldman Sachs Says

Tariffs, which are taxes on imported goods, are expected to make things more expensive for US consumers.

Companies initially paid most of the tariff costs, but they're now starting to raise prices, meaning consumers will pay more.

This could make inflation, the rate at which prices go up, rise faster.

Experts predict that inflation, as measured by the core PCE index, will increase.

Some experts debate whether the Federal Reserve, which controls money, should worry about this kind of inflation.

Bond traders are closely watching to see how this will impact consumer spending.