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Fed: Paying More and Buying Less: 2025 Tariffs and U.S. Household Spending
June 04, 2026

WASHINGTON, June 4 (TNSLrpt) -- The Federal Reserve issued the following white paper abstract (No. 2026-035) in June 2026 by Sinem Hacioglu Hoke and Leo Feler, entitled "Paying More and Buying Less: 2025 Tariffs and U.S. Household Spending".

Here are excerpts:

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This paper estimates the effects of the 2025 U.S. tariffs on household spending using transaction-level data linked to tariff exposure and a tariff sentiment survey. Comparing high ver . . .

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