the question always is: what inflation.
everybody's inflation is different and may not be visible in the aggregates.
also all businesses are pre-stocked now. the goods has been already in the US before the tarrifs become effective. and the real cost inrease is yet about to come. it might be a year or more.
And Canada might retaliate with energy price increase or out right shutting down export. That would cause the north of US to go dark. That would be 🍿
Yeah those are considerations too, but the what inflation question is a given in my head, like I'm always aware of that.
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I mentioned that because our (state) statisticians can do miracles with the numbers. Exclude thi include that ... just make the numbers look good (or adhoc)...
Ah yes, they will make that part of the narrative too.
Good point.
