Tariffs Impacting U.S. Inflation, Says BlackRock Executive

According to BlockBeats, Glenn Purves, Global Macro Director at BlackRock Investment Institute, noted that the U.S. core CPI for June rose less than expected. However, there are increasing signs that tariffs are driving up some prices. The May CPI report already indicated tariff-driven price increases in household appliances, and this trend continues. Purves highlighted early signs of rising prices in entertainment products like video and audio equipment. He believes that most of the impact is yet to come and will intensify once companies deplete inventories built to counter tariffs. With pressures from both goods and services, inflation is likely to remain above the Federal Reserve's 2% target. The key issue will be determining who ultimately bears the cost of tariffs: consumers, businesses, or exporters.