Williams estimates tariffs have added roughly half a percentage point to current inflation running at about 2.75 percent.
“My current estimate is that the increase in tariffs to date has contributed around one half of a percentage point to the current inflation rate of about 2-3/4 percent.”
Williams reports the EFFR has increased one basis point relative to IORB.
“Most recently, this has translated to a one-basis-point increase in the EFFR relative to IORB.”