General Discussion

Not sure how 1/6th of GDP is affected by 10-50% tariffs, 96% of which are born we by consumers or small business leads to lower inflation. Especially at a time when there is positive inflation adjusted wage growth (which has been true since '22).
Without a substantially deeper dive into raw data, the math doesn't make sense, making one outcome or the other questionable.
https://www.msn.com/en-us/money/markets/new-fed-report-on-trump-s-tariffs-confirms-what-most-economists-warned-about/ar-AA1WfRc9