Many customers have gotten frustrated with price increases at fast-food restaurants, which means they’re going to casual dining restaurants like Chili’s. McDonald’s is trying to lure them back by cutting prices.
Several factors blunting the impact of tariffs could make it harder to notice the import taxes’ impact on inflation, even though they will likely cause the economy to slow.
Stephen B. Morton/The Washington Post via Getty Images
We learned Tuesday that consumer prices are relatively stable across many goods and services, despite higher tariffs. On Thursday, we learned producer prices are spiking.