INSIGHTS

Edition 16

Angus: Amy, what are the potential tariff policy scenarios, and how might each impact markets?

Amy: The base case (#2 below) scenario calls for some form of tariff. In general, tariffs slow economic growth, raise prices, and are considered painfully regressive taxes. The Fed noted in its recent May meeting that it was waiting for clarity on tariff policy before considering reducing interest rates because of the high level of uncertainty and the potential for supply-side inflation.

Amy Bush
Amy Bush, CFA

Chief Investment Officer

Angus Schaal
C. Angus Schaal, CFP®

Senior Managing Director

Tandem Where Do We Go Graphic FNL scaled

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