Inflation nearly flat in metro Phoenix while US prices continue to climb
Arizonans haven't yet experienced the full impact of tariffs, says an ASU economics expert.
In this article published July 15, 2025, in The Arizona Republic:
The most likely bet here is we are seeing a lull before the storm, with the effects of tariffs still ahead of us.
— Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center
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