Sevasti Balafas on Tariffs
3/12/2025
Sevasti Balafas, CFA, CPWA® CEO of GoalVest Advisory, spoke to ConnectMoney to share her insights on how the quickly evolving tariff landscape has implications for equity markets, recession fears, and ultimately rates.
Highlights from her interview:
“…it seems to be a game of chicken with our major trading partners and if taken too far it may be a case where the party is over for equity markets and the chance of a significant correction is greatly increased," Balafas said.
“The American consumer cannot handle tariffs at a 25% level after experiencing inflation of the past couple of years and an already heightened price level...if the tariffs are fully enacted, consumer spending will likely fall into negative year-over-year growth levels.”
“Given the overall strength of the economy, this fall in consumer spending would likely result in a stagflationary environment and not necessarily a full-blown recession. However, higher prices would pressure the Fed to ultimately increase rates. The greater fears of a stronger recession, even severe, are possible.”
Read the full article here:
https://www.connectmoney.com/stories/tariffs-the-threaten-levy-roll-back-cycle/
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