Amy Scott

tariff costs may be increasingly passed along to consumers.

We've had a few different reports recently from CBO and I think the New York Fed research team finding that consumers are paying most of the tariff costs.

We've had a few different reports recently from CBO and I think the New York Fed research team finding that consumers are paying most of the tariff costs.

And you see that in some of the numbers today.

And you see that in some of the numbers today.

I think Greg mentioned a

I think Greg mentioned a

appliances maybe, but you also saw appliances, furniture, I think new cars, all saw pretty sharp price increases in January, probably related to the fact that companies are having to pass along their costs since they can no longer keep absorbing them indefinitely from tariffs.

appliances maybe, but you also saw appliances, furniture, I think new cars, all saw pretty sharp price increases in January, probably related to the fact that companies are having to pass along their costs since they can no longer keep absorbing them indefinitely from tariffs.

Right.

Right.

And Jerome Powell, the Fed chair for now, talked about this last month, saying that the expectation is we'll see the effects of tariffs flowing through goods prices, peaking and then starting to come down over the course of this year.

And Jerome Powell, the Fed chair for now, talked about this last month, saying that the expectation is we'll see the effects of tariffs flowing through goods prices, peaking and then starting to come down over the course of this year.

Greg, how near to the peak do you think we are?

Greg, how near to the peak do you think we are?

And is it surprising that the tariffs haven't shown up more in price increases?

And is it surprising that the tariffs haven't shown up more in price increases?

Catherine, can we talk about shelter inflation, housing for a moment?

Catherine, can we talk about shelter inflation, housing for a moment?

Because that's a big component of CPI.