“We find that consumer prices have risen disproportionately in categories facing larger tariff increases,” Goldman Sachs said in a note to investors and analysts last autumn. An updated forecast this week estimated that “tariff pass-through increased core PCE (personal consumption expenditure) prices by about 0.7% through January and will raise prices by a further 0.1% in the remainder of 2026.”
「我們以前每個月會外出吃兩次飯，」住在伊朗第二大城市伊斯法罕（Isfahan）的瑪爾珍（Marjan） 說，「現在我們根本不能去了。我們必須把那筆錢省下來付房租。」
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回顾历史，早期智能硬件热潮中，租赁与渠道扩张都曾出现过短期红利。但真正持续盈利的公司，往往掌握核心技术或平台规则。
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