Chart: Lessons from 2019 Suggest That Every 1pp Increase Raises Core PCE Prices by 0.1 pp

GS estimates ~0.9% impact using ~1pp = 0.1% PCE inc:

"At the proposed tariff rates, generate less than $300bn (1% of GDP) in tariff revenue p.a.—without accounting for dynamic effects, such as changes to import volumes and prices or taxable incomes—and boost the US effective tariff rate by 8.6%."

NYC and take Metro North to New Haven from Grand Central… most predictable and more flight options from the west