President Donald Trump Just Proclaimed, "Tariffs Don't Cause Inflation, They Cause Wealth," but Data From Federal Reserve Economists Show Otherwise

Impact · against what's priced in

The article confirms a persistent inflationary threat from protectionist trade policies, which puts downward pressure on the AI-driven bull market. For NVDA, this reinforces the market's current reluctance to pay for aggressive long-term growth projections by increasing the risk of sustained higher interest rates.

NVDA−0.20

Challenges what's priced in

The price assumes