Overview

• Goldman Sachs, UBS and JPMorgan economists publicly defend forecasts that recent U.S. tariffs are breaking the downward trend in core inflation and will add roughly 1–1.5% to consumer prices by autumn.
• Goldman’s David Mericle says if April levies follow earlier patterns, consumers would shoulder about two-thirds of the cost by fall, prompting the bank to stand by its analysis.
• President Trump criticized Goldman Sachs’s projections on Truth Social, mocking CEO David Solomon’s economic team and suggesting he “focus on being a DJ.”
• Technology giants Nvidia, AMD and Apple have struck private agreements with the White House in hopes of securing tariff relief ahead of anticipated price increases.
• U.S. stocks closed at record highs even as economists flag rising inflation risks and the administration evaluates candidates to lead the Federal Reserve.