Inflation rose in August, and one expert says the worst might not be over yet.
Transcript:
CAROLINE WOODS: So does that mean inflation might get worse?
BRIAN JACOBSEN: Our view here is that inflation is likely to get a little worse before it starts getting better. It’s really interesting how the Fed keeps talking about how inflation from tariffs is like a one off. You get a one off change in prices, but it doesn’t happen all at once. Mainly because as you pointed out, CEOs are saying they’re having a hard time pushing on their cost increases to consumers. Consumers are in a position, especially lower end consumers where they can’t absorb a lot of those price increases. And I think that a lot of businesses are going to try to experiment with. Can they cut costs somehow. Can they lean on their suppliers. That will be like the first and second line of defense before they try to push those price increases on to final consumers.
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