# Trump tariffs likely to raise inflation, slow US economic growth: Fed  | AP News

> The Fed says Trump's tariffs will likely raise inflation and slow US economic growth. It expects to keep rates unchanged in the coming months, while Wall Street now expects five rate cuts this year.

- Date: 2025-04-04 · published 2025-04-04T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/25044-trump-tariffs-likely-to-raise-inflation-slow-us-economic-growth-fed-ap-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Slower US growth reduces demand for energy and industrial goods, which weighs on crude and related feed-input prices. Higher inflation expectations also limit monetary easing.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-01-30 | [U.S. economy misses Trump's 3% growth target in 2019](https://feedsoft.ai/events/54993-u-s-economy-misses-trump-s-3-growth-target-in-2019.md) | -4.6% | -11.6% |
| WTI | 2025-04-04 | [US refiners' shares hit near two-year lows as Trump tariffs spur fuel demand fears](https://feedsoft.ai/events/12523-us-refiners-shares-hit-near-two-year-lows-as-trump-tariffs-spur-fuel-demand.md) | -10.2% | -12.0% |
| WTI | 2025-08-19 | [Canada’s annual inflation rate eases to 1.7 per cent in July, core measures stay firm - Grainews](https://feedsoft.ai/events/23560-canada-s-annual-inflation-rate-eases-to-1-7-per-cent-in-july-core-measures-stay.md) | +1.4% | +1.0% |
| WTI | 2026-10-26 | [Aussie Dollar loses grip on 0.70 rally as Fed, RBA inflation tests lurk](https://feedsoft.ai/events/17328-aussie-dollar-loses-grip-on-0-70-rally-as-fed-rba-inflation-tests-lurk.md) | -3.2% | — |
| WTI | 2023-03-14 | [Oil falls to three-month low on inflation worries, U.S. bank shutdowns](https://feedsoft.ai/events/37044-oil-falls-to-three-month-low-on-inflation-worries-u-s-bank-shutdowns.md) | -9.5% | +9.1% |

## Sources

- apnews.com: https://apnews.com/article/tariffs-inflation-economy-trump-powell-490417656971634592bbeb3b2ade3593

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.