Inflation is finally flattening out after setting post-pandemic records. But this lower inflationary environment may not last if incoming President Donald Trump follows through with his promise to impose tariffs on goods imported from Canada, China and Mexico.
Some economists predict tariffs could cause inflation to rise again, impacting the wallets and returns of many retirees. The prospects of tariffs are already having an impact. The Federal Reserve cited economic uncertainty under a new President for its more cautious stance on cutting interest rates in 2025.
