While prices rose in accordance with economist expectations for October’s Consumer Price Index (CPI), the inflation rate still sits above the Federal Reserve’s 2% target. At the annual Yahoo Finance Invest conference, Minneapolis Fed President Neel Kashkari indicated that upside inflation movements would most likely warrant an interest rate pause at the central bank’s December meeting. Could President-elect Donald Trump’s proposed ramp-up in tariffs stoke further inflation risks? Yahoo Finance special reporter Akiko Fujita highlights Trump’s tariff policies on imports, how much they could end up costing most Americans, and the dynamics that could send consumer goods prices higher. At the Yahoo Finance Invest conference, Bridgewater Associates co-chief investment officer Karen Karniol-Tambour weighed in on the impact of retaliatory tariffs that could be levied back against the US.
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