Fed's Barkin: Financial strain on low- and middle-income consumers affects inflation

According to ChainCatcher news and Jin10 reports, Fed's Barkin stated that current low- and middle-income consumers are experiencing financial strain, which may suppress consumer spending and thereby lessen the role of tariffs in pushing inflation. He pointed out that consumers will accept price rises for certain essential goods, but will also resist price increases by downgrading consumption or delaying purchases. Barkin expects that future inflation rates will be more moderate than anticipated, as consumers are currently feeling financially strained and must budget carefully.