Goldman Sachs Says US Experiencing Disinflation if Not for Tariffs, Predicts Federal Reserve Cutting Rates Later This Year – Here’s When

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Goldman Sachs vice chairman Robert Kaplan thinks the US economy would be in a deflationary situation right now if not for President Donald Trump’s wave of tariffs. Kaplan, the former president of the Federal Reserve Bank of Dallas, tells CNBC in a new interview that recent inflation numbers suggest the possibility of rate cuts later this year. “We’re in a disinflating world, and I think if it weren’t for these prospective tariffs that will flow through and are flowing through, I think the Fed wo...