I don't agree with this article. American goods have already passed the inflation cycle. The problem has always been service inflation. Now it is another wave of inflation expectations caused by tariffs, which is rigid and prices have to rise. This commodity inflation, combined with reduced government spending and a decline in the stock market, will result in a recession+inflation phenomenon, known as stagflation. However, the inflation caused by tariffs is not expected to last for a long time logically. It is estimated that by the end of the 25th, it will be 7788. At that time, the economy will also be poor and inflation will disappear. It is possible for the Federal Reserve to cut interest rates or even QE. Of course, the time frame is still uncertain, with the earliest being September and the latest possibly early 26th.