FedResearch
@FedResearch
The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors
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New #IFDPPaper#: Estimating Yield Impacts of Treasury Demand and Supply Changes: #EconTwitter#
We analyze 125,000 US households' transactions to measure how the 2025 tariffs affected spending. Tariffs passed through 15-20% to retail prices, raising affected-good prices 1-2% but households cut spending by 4%, 3 to 4 times the price increase (1/3)
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