Federal Reserve Bank of Richmond: Richmond Fed Explains Tariff Forecast Miss: Actual May Rate Much Lower Than Predicted
August 02, 2025
August 02, 2025
RICHMOND, Virginia, Aug. 2 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the August 2025 Economic Brief, 'Why Predicted and Actual Tariff Rates Diverged in May 2025,' written by Marina Azzimonti and published as Economic Brief No. 25-29. The report examines the gap between economists' forecasts for effective US tariffs and the outcome observed in official data, focusing on the month of May 2025.
According to the document released by the Richmond Fed, foreca . . .
According to the document released by the Richmond Fed, foreca . . .