Tariff impacts on goods prices have been appearing in PPI data and duties collected at the border, with aluminum and copper specifically showing tariff-driven price increases in manufacturing; this creates an inflationary headwind the Fed must acknowledge.

factualpending

Speaker

Jason Draho

Evidence Quote

what you're seeing that is showing up in goods prices. So you're starting to see that. You see it with duties received at the border. You saw it in the last PPI data, right? You saw it specifically aluminum and copper was driving on the manufacturing side.

Source

Jeffrey Sherman and Jason Draho: How Should I Be Positioned? | UBS On-AirDoubleLine Capital
Created: 8/12/2026, 10:36:49 PM

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