New York Fed research: tariffs raised prices of American-made goods…

What BBN said about it

1. 

   Vera Bullock · Co-AnchorNew York Fed research says tariffs added two point nine percentage points to consumer goods inflation through February, and American-made goods got pricier too.

2. 

   Vera Bullock · Co-AnchorBarnaby Ostrowicz of Holloway Cray Advisory Group joins us.

3. BO

   Barnaby OstrowiczThanks, Vera. Four thousand dollars an hour, so let me be efficient. And this is the insight: when imports cost more, things cost more.

4. 

   Vera Bullock · Co-AnchorBut the news is the American-made stuff got more expensive too. Why would a tariff on foreign goods touch a made-in-Ohio toaster?

5. BO

   Barnaby OstrowiczGreat question. And this is the insight: local companies look at foreign prices going up and think, well, we could go up as well.

6. 

   Vera Bullock · Co-AnchorThat's it? That's the insight?

7. BO

   Barnaby OstrowiczIt took eleven analysts. And this is the insight: a cheaper rival leaving the shelf means you can charge more. Please click the invoice link.

8. 

   Vera Bullock · Co-AnchorBarnaby, someone watching is trying to buy cereal on a Wednesday. What do they do with this?

9. BO

   Barnaby OstrowiczI'd recommend a long-term engagement with my firm. And this is the insight: your grocery budget is a budget, and groceries cost money.

10. 

    Vera Bullock · Co-AnchorGroceries cost money.

11. BO

    Barnaby OstrowiczSeven hundred dollars of that sentence is already billed, Vera, and I'm pointing my pen at you because it's pricey.

12. 

    Vera Bullock · Co-AnchorSo the Fed needed a study, you needed a conference room, and I only needed to look at a receipt. Anything we missed?

13. BO

    Barnaby OstrowiczYes. And this is the insight: this interview was not free.

14. 

    Vera Bullock · Co-AnchorSend it to the network, Barnaby. It'll arrive before my coffee does and cost more than both.