This article does not quite agree; American goods have long passed the inflation cycle, and the persistent issue has been service inflation.

Now, there is another wave of inflation expectations caused by tariffs, which is rigid, and prices have to rise. This time, the inflation of goods, combined with reduced government spending and a decline in the stock market, will create a phenomenon of recession + inflation, also known as stagflation.

However, the inflation caused by tariffs logically will not last long; it is estimated that by the end of 2025, it will be around 7788. By then, the economy will be poor, and inflation will be gone, making it possible for the Federal Reserve to cut interest rates or even implement quantitative easing.

Of course, this timeframe is still uncertain, with the earliest being September and the latest perhaps early 2026.

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