Economists are adjusting forecasts to reflect the potential impacts of President-elect Donald Trump's proposed tariffs, tax cuts, and immigration restrictions. Inflation and interest rates will stay elevated for the next two years. The Wall Street Journal's quarterly survey of over 70 economists anticipates the consumer price index rising 2.7% in December 2025, up from October's 2.3% forecast. Inflation in 2026 is also revised higher. Higher projected inflation could cost the average household an additional $600 annually.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Economists are adjusting forecasts to reflect the potential impacts of President-elect
00:06Donald Trump's proposed tariffs, tax cuts, and immigration restrictions.
00:12Inflation and interest rates are projected to stay elevated for the next two years.
00:16Wall Street Journal's quarterly survey of over 70 economists anticipates the consumer price
00:21index rising 2.7 percent in December 2025, up from October's 2.3 percent forecast.
00:27Inflation in 2026 is also revised higher.
00:30Higher production inflation could also cost the average household an additional $600 annually.