Top Wall Street economist sees 2 ways tariffs could play out—and neither is good for the average worker

Why This Matters

Nathan Sheets, Citi’s global chief economist, told Fortune that it’s a similar situation to the “devastating” 1930s, but maybe not in the way you think.

October 7, 2025

07:24 PM

5 min read

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FinancialBooklet Analysis

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Key Insights

Inflation data often serves as a leading indicator for consumer spending and corporate pricing power
Financial sector news can impact lending conditions and capital availability for businesses
Consumer sector trends provide insights into economic health and discretionary spending patterns

Questions to Consider

What does this inflation data suggest about consumer purchasing power and corporate margins?
Could this financial sector news affect lending conditions and capital availability?
What does this consumer sector news reveal about economic health and spending patterns?

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