Recent hard data indicates that fears of tariff-driven inflation and potential recessions may be overstated. Inflation rates have been declining, hitting 2.3% in April, which is lower than anticipated and the lowest since 2021. Contrary to grim forecasts, Trump’s tariffs have had minimal impact on prices so far. While prices are falling, it is important to consider the underlying reasons, as they might not all be positive.
— new from Axios
