Tariff Fears Spark Panic Buying: UBS Economist Says Democrats Are Stocking Up
2025-02-08
Fortune
According to UBS chief economist Paul Donovan, Democrats are engaging in panic buying to avoid potential price hikes caused by Trump's tariffs. A recent University of Michigan survey reveals a significant jump in inflation expectations, driving consumers to make purchases now. With concerns over trade policy and price increases, many are turning to strategic shopping to beat the tariff increases. This surge in consumer spending is likely to impact economic trends, with experts closely monitoring the situation. Key factors at play include trade uncertainty, inflation rates, and consumer behavior.