Goldman Sachs: The impact of Trump's victory on the Fed's favored price indicator peak is 30 to 40 basis points

ChainCatcher message, Goldman Sachs economists analyzed the potential economic impact of a Republican or Democratic victory in the November elections, warning that if Trump wins, the U.S. GDP will face a hit.

Goldman Sachs stated that if Harris wins, no further tariff increases are expected. The bank's economists wrote that Trump might raise tariffs on China, the EU, and Mexico, which would lead to a surge in inflation, with a peak impact on the price index favored by the Fed of 30 to 40 basis points. The additional 10% universal tariff proposed by the Republican candidate would have a greater impact, although it would take longer to materialize.