UBS believes that the full implementation of tariffs will push US inflation up to 5%

According to a report by Golden Ten, analyst Eamonn Sheridan stated that UBS had previously estimated that if the proposed tariffs were fully implemented, the inflation rate in the United States could rise to around 5% as import costs seep into consumer prices. The analyst believes that if the Federal Reserve considers this rise to be "temporary," they will cut interest rates out of growth panic.