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Polymarket Surpasses FanDuel and DraftKings in November 2025 Site Visits

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Polymarket has overtaken both FanDuel and DraftKings in terms of website traffic for November 2025.

According to SimilarWeb analytics a leading web traffic measurement firm, Polymarket recorded approximately 22.4 million visits during the month, edging out FanDuel’s 21.8 million and DraftKings’ 19.6 million.

This marks a significant milestone for the crypto-based prediction market platform, which has been rapidly expanding into sports and event-based betting despite regulatory hurdles in the U.S.

Polymarket’s surge aligns with its aggressive push into U.S.-accessible markets post-2024 election hype. The platform, valued at over $9 billion, saw explosive interest during the 2024 U.S. presidential race with $3.6 billion in wagers and has since pivoted to sports futures, NFL contracts, and partnerships like the UFC and PrizePicks.

This has driven consistent traffic gains—earlier in May 2025, it already hit 15.9 million visits, surpassing the sportsbooks at that time. Traditional sportsbooks like DraftKings and FanDuel owned by Flutter Entertainment are responding to the threat.

Both companies announced plans to launch their own prediction market products in late 2025, with DraftKings acquiring Railbird Technologies for federally regulated event contracts and FanDuel partnering with CME Group for financial prediction tools.

This comes amid stock dips—DraftKings shares fell ~29% in the prior month due to competitive fears—and high-profile exits from the American Gaming Association over disagreements on prediction market regulation.

Prediction platforms like Polymarket operate on a peer-to-peer model with lower fees often 0% vs. 4-5% house edges on sportsbooks, enabling broader event coverage like politics, entertainment without state-by-state licensing.

This has disrupted the U.S. betting landscape, where legal sports wagering hit $150 billion in 2024 but now faces “backdoor” competition from CFTC-regulated markets. Polymarket’s CEO, Shayne Coplan, has publicly called the FanDuel-DraftKings “duopoly” a “scam” for high consumer costs and lack of innovation.

This isn’t isolated—Polymarket also briefly topped the U.S. Apple App Store’s free sports category in early December, outranking FanDuel and DraftKings there too. Earlier in May 2025, it already hit 15.9 million monthly visits, surpassing the pair in traffic for the first time.

DraftKings and FanDuel are countering with their own prediction market launches (e.g., DraftKings Predictions and FanDuel Predicts) set for late 2025, while exiting industry groups like the American Gaming Association amid the rivalry.

Platforms like Polymarket and Kalshi are eroding traditional sportsbooks’ dominance by offering “event contracts”—binary outcomes on sports, politics, or economics—bypassing state gambling regs via CFTC oversight.

Their low fees near-zero vs. 5-10% vig on FanDuel/DraftKings and real-time probabilities appeal to savvy users seeking alpha over entertainment. Weekly volumes across these platforms hit $2 billion in late 2025, with sports now comprising 33% of Polymarket’s activity up from negligible pre-2025.

DraftKings and FanDuel, facing stock dips like DKNG -18% post-Polymarket funding news, are rushing counter-launches. FanDuel’s “Predicts” app rolls out this month via a CME Group partnership, while DraftKings acquired Railbird Technologies and uses Polymarket as a clearinghouse—ironically partnering with the disruptor.

Analysts project a $5 billion U.S. prediction market opportunity, split ~$4.4 billion sports-focused, but warn incumbents may lose 20-30% share to first-movers like Polymarket due to delayed entry.

New entrants like Robinhood, Coinbase, Underdog, Fanatics join the fray, creating a “Magnificent 13″ of platforms. There’s room for many winners if they ship hard,” with prediction markets exploding via UFC/NFL integrations.

This traffic win underscores Polymarket’s momentum as it eyes a full U.S. relaunch, potentially intensifying the rivalry. If you’re betting on the next big shift—sportsbooks adapting or prediction markets dominating—Polymarket’s even offering contracts on it.

Tempo Blockchain Launches Public Testnet, as Beeple’s “Regular Animals” Takes Over Art Basel Miami Beach

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Tempo, a Layer 1 blockchain optimized for payments and incubated by Stripe and Paradigm, officially launched its public testnet on December 9, 2025.

This marks a pivotal step toward its mainnet rollout planned for 2026, enabling developers, businesses, and users to test high-throughput, low-cost stablecoin transactions in a real-world environment.

The network addresses key pain points in existing blockchains, such as network congestion and volatile fees, by offering instant deterministic settlement, predictably low costs, and native stablecoin support.

Dedicated payment lanes: Reserved blockspace for payments to ensure consistent performance. Stablecoin-native gas: Fees payable in USD-pegged tokens, avoiding volatility from native tokens. Integrated DEX for stable assets: Optimized for tokenized deposits and swaps.

Fast finality and metadata: Instant transaction confirmation with rich payment details. Modern wallet tools: Support for passkey authentication, batch transactions, and scheduled payments.

Tempo has secured partnerships with major players like OpenAI, Shopify, Visa, Deutsche Bank, Mastercard, UBS, Anthropic, and Klarna—the latter of which launched its USD-pegged stablecoin (KlarnaUSD) on the network last month to enable cheaper cross-border payments for its 114 million users.

The project raised $500 million in a Series A round in October 2025 at a $5 billion valuation, led by Thrive Capital and Greenoaks, with participation from Sequoia, Ribbit Capital, and SV Angel. Currently, validators are team-operated, but the network plans to onboard independent ones from partners ahead of full permissionless operation.

This launch positions Tempo in a competitive payments blockchain landscape alongside networks like Solana, Tron, and Circle’s Arc which also focuses on stablecoins and has backing from Visa and BlackRock. Analysts see it as a potential disruptor for high-throughput payment rails, though liquidity and user adoption will be key challenges.

Bitwise’s 10 Crypto Index Fund (BITW) Begins Trading on NYSE Arca

Bitwise Asset Management’s flagship Bitwise 10 Crypto Index Fund (ticker: BITW) received U.S. SEC approval and began trading as an exchange-traded product (ETP) on NYSE Arca, transitioning from its prior over-the-counter (OTC) status as a closed-end trust.

With $1.25 billion in assets under management (AUM) and an eight-year track record since its 2017 inception, BITW becomes the second U.S.-listed crypto index ETP following Grayscale’s multi-asset product, offering diversified, market-cap-weighted exposure to the top 10 cryptocurrencies via a single ticker accessible through traditional brokerage accounts.

The fund tracks the Bitwise 10 Large Cap Crypto Index, which includes only the largest and most fundamentally sound digital assets, rebalanced monthly. Unlike pure market-cap indexes, BITW excludes assets failing qualitative screens (e.g., it avoided Terra’s LUNA in 2022 despite its top-10 ranking due to stability concerns).

This approach lets investors bet on crypto’s growth without picking individual winners, with BTC and ETH as the only consistent holdings since inception. The ETP structure improves liquidity and NAV tracking via in-kind redemptions, though shares trade at market prices and are subject to management fees that gradually reduce crypto holdings over time.

BITW is not registered under the Investment Company Act of 1940, so it lacks some traditional fund protections. Bitwise CEO Hunter Horsley called it a “watershed moment” for crypto, while CIO Matt Hougan emphasized its role in simplifying exposure to “the largest, most successful assets.”

This uplisting follows Bitwise’s successful spot Bitcoin ETF (BITB), which hit $1 billion AUM in under two months in 2024, and aligns with broader institutional crypto adoption amid a maturing market. These developments underscore accelerating mainstream integration of blockchain tech and crypto investments, with Tempo targeting payment infrastructure and BITW broadening accessible diversified exposure.

Beeple’s “Regular Animals” Takes Over Art Basel Miami Beach

Beeple’s latest installation, Regular Animals (2025), has exploded into the cultural zeitgeist during Art Basel Miami Beach (December 3–7, 2025), blending satire, robotics, AI, and NFTs in a way that’s equal parts absurd and incisive.

The exhibit, housed in the fair’s new Zero10 digital art section, features a pack of Boston Dynamics-inspired robot dogs outfitted with hyper-realistic silicone heads modeled after tech titans like Elon Musk, Mark Zuckerberg, and Jeff Bezos, alongside art icons such as Pablo Picasso, Andy Warhol, and Beeple himself (Mike Winkelmann).

These mechanical “animals” roam a pen-like enclosure, snapping photos of visitors with onboard cameras, processing the images via AI to reinterpret them in the style of their head’s persona, a Picasso-filtered crowd shot from the Picasso-bot, and then “pooping” out the results as physical prints—complete with QR codes for claiming linked NFTs.

It’s a literal manifestation of how algorithms “digest” and regurgitate our reality, critiquing the unchecked influence of Big Tech on perception and culture. Beeple described it to The Art Newspaper as a warning: “We are not ready for the future.”

The Viral Mainstream Media Storm

What started as a VIP preview buzz on December 3 quickly snowballed into a full-blown media frenzy. By the fair’s public opening, crowds were nonstop, with visitors filming the dogs’ antics—roaming, lounging, and “defecating” art—leading to viral videos that racked up millions of views across platforms.

Mainstream outlets piled on, framing it as a cyberpunk fever dream that captures 2025’s AI anxieties: Fox Business highlighted the “poop photos” of billionaire heads, noting the installation’s sold-out status and tying it to Beeple’s NFT legacy.

CNN ran an exclusive interview with Beeple, emphasizing the exhibit’s dystopian edge and how the dogs’ three-year photo-logging lifespan stored on blockchain adds a finite, almost poignant obsolescence.

The Art Newspaper and ARTnews called it a “stir” and “satire-dystopia-slapstick hybrid,” drawing huge lines and positioning Beeple as the fair’s pulse amid broader fears of automation.

Decrypt dubbed it “mega-viral,” with social clips exploding and coverage from tech, art, and culture pubs making it Basel’s top draw— “Few works have sparked wonder like Regular Animals.”

PetaPixel and USA Today focused on the bizarre mechanics: dogs ranking “interesting” shots and AI-stylizing them before output, with over 1,000 prints distributed many as free souvenirs.

Even international wires like AFP captured the flock of visitors gawking at the Musk-Zuck-Bezos bots, amplifying the global reach. Beeple fans and crypto communities hailed it as a “brilliant concept” blending physical and digital, with 176 free pieces now trading at ~$39k equivalent.

This isn’t Beeple’s first rodeo with disruption—his 2021 Everydays: The First 5000 Days NFT sold for $69.3M at Christie’s, igniting the boom—but Regular Animals feels like a post-crash evolution. The robots themselves? Editioned at $100k each and sold out in the first hour, per Art Basel reps.

The NFT Collection

256 Supply at 10.9 ETH FloorTying the physical spectacle to the blockchain, Regular Animals minted a limited-edition NFT series: 256 generative tokens, each redeemable via those QR-coded prints not all prints qualify—it’s a “lucky finder” mechanic.

These NFTs capture the dogs’ “memories”—blockchain-logged photo archives and AI outputs—turning audience interactions into ownable, evolving art. Post-fair, the secondary market ignited: Floor price: 10.9 ETH ~$34,300 at current ETH pricing around $3,150, settling after an opening-weekend surge.

One claimed NFT flipped for 10 ETH ($30,300) within hours, per X chatter and reports. Volume is still ramping, but the collection’s already outpacing many blue-chips in hype, with 80 more drops teased.

This floor reflects renewed NFT vigor—sales volumes up 78% YTD per some analytics, driven by accessible entry points—while nodding to Beeple’s enduring pull. It’s not just collectibles; they’re dynamic proofs of the exhibit’s chaos, where viewers unwittingly co-create.

In a year of AI ethics debates and tech overlord scrutiny, Regular Animals lands like a gut-punch punchline: Algorithms as pets that shit culture back at us, owned by the same moguls who code them. Beeple told Art Plugged it’s about power imbalances—”Zuck and Musk tweak reality without a vote.”

Proof that digital-physical hybrids can bridge galleries and memes, potentially reigniting 2021’s mania without the hangover. As one X post put it: “Beeple won Art Basel.” If you’re hunting those NFTs, check OpenSea or Foundation—floors can shift fast.

US House Urges Senate to Pass Crypto Market Structure Bill by End of December 2025

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The US House of Representatives issued a formal call for the Senate to expedite and pass comprehensive crypto market structure legislation before the month concludes.

This push underscores mounting pressure to deliver regulatory clarity for digital assets amid a rapidly evolving industry and bipartisan momentum in Congress.

The move aligns with ongoing negotiations and builds on earlier House actions, signaling that the window for action in the current session is narrowing. The core bill in question is the Digital Asset Market Clarity Act of 2025 (CLARITY Act), a 236-page framework that passed the House in July 2025 with strong bipartisan support (294-134 vote).

It aims to delineate regulatory jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC): For “digital commodities”— Bitcoin-like assets in spot markets, emphasizing anti-manipulation rules and exchange standards to curb scams like “rug pulls.”

SEC role, retained for securities-like tokens, with provisions for dual registration for platforms handling both. Key protections includes investor safeguards, custody requirements, and exemptions for certain decentralized finance (DeFi) elements, while addressing illicit finance and state-level preemption.

This follows the successful passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in July 2025, which established rules for stablecoin issuers like reserve backing and anti-money laundering compliance and has already been signed into law.

The CLARITY Act represents the next pillar in a “trilogy” of crypto reforms, with the third focusing on anti-CBDC measures.The Senate has been working on its version since November 2025, with the Banking and Agriculture Committees releasing discussion drafts.

These emphasize CFTC primacy for non-security tokens, DeFi guidelines though still underdeveloped, and anti-manipulation standards for exchanges. Senate Banking Chair Tim Scott (R-SC) has targeted a December markup, with hopes for early 2026 passage to President Trump’s desk, who has positioned the US as the “crypto capital of the world.”

Congress adjourns for the holidays soon after December 31, risking a stall into the next session where priorities could shift. Crypto executives, including Coinbase CEO Brian Armstrong, have lobbied intensely, warning that delays hinder US innovation.

The sector has poured hundreds of millions into campaigns, viewing clarity as essential for growth. Talks stalled in October over DeFi rules and Democratic concerns about President Trump’s family crypto ties (e.g., potential conflicts). Recent CEO meetings with senators like Cynthia Lummis (R-WY) and Mark Warner (D-VA) aim to restart negotiations.

Without passage, ongoing SEC-CFTC turf wars persist, stifling institutional adoption. Proponents argue it could “unlock US crypto growth” by reducing regulatory arbitrage. Some Senate Democrats, led by Elizabeth Warren, criticize the bills for weak consumer protections and Trump’s conflicts, pushing for stricter DeFi oversight.

Unlike the House’s version, the Senate may expand exemptions and refine jurisdictional lines, requiring House reconciliation. High for markup, but full passage by month-end is uncertain—experts peg it at 60-70% if bipartisan tweaks land.

White House Crypto Czar David Sacks has echoed the September call now exbtended, urging swift action. If passed, it would mark a historic shift, potentially catalyzing a surge in crypto adoption and valuations. Watch for Senate updates in the coming weeks—failure to act could delay reforms until mid-2026.

Crypto Markets Rally, Adding $60B to their Total Market Cap as Bitcoin Briefly Crosses $94K

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The cryptocurrency market is experiencing a notable rally today, December 10, 2025, with Bitcoin (BTC) briefly surpassing $94,000 before pulling back to around $92,000.

This surge has contributed to an estimated $60 billion increase in the total crypto market capitalization, pushing it above $3.1 trillion. The momentum aligns with broader risk-on sentiment in financial markets, driven by near-certainty over 96% odds of a 25-basis-point rate cut from the U.S. Federal Reserve at its meeting concluding today.

Markets are pricing in looser monetary policy, boosting appetite for high-risk assets like crypto. BTC’s price action outpaced derivatives open interest, indicating genuine spot buying rather than leveraged speculation.

A dovish Fed signal could extend the uptrend, though volatility is expected post-announcement. Bitcoin exchange-traded products (ETPs) saw net positive flows after weeks of outflows, with recent approvals from firms like Bank of America and Vanguard accelerating adoption.

On-chain data shows reduced selling pressure from large holders. Ethereum broke $3,300, while privacy coins like Zcash led gains (+12%+). Broader sentiment on X highlights short squeezes and cycle optimism, with users noting BTC’s defiance of earlier 2025 predictions— ARK Invest’s $650K call vs. current ~$92K reality.

The rally stalled near $94K due to profit-taking and bond market jitters like rising Japanese yields. A reclaim of $94K could target $95K–$100K liquidity zones, but rejection risks a dip to $88K–$85K support. Longer-term, analysts eye $111K by year-end if adoption accelerates, though 2025’s volatility underscores caution.

Ethereum (ETH) has outpaced the broader crypto market in December 2025, surging over 4.5% in the last 24 hours to briefly cross $3,300—its highest since early November—while the total market cap added $60B.

This momentum builds on a 10% weekly gain, driven by a confluence of technical upgrades, regulatory green lights, and institutional demand. Unlike Bitcoin’s more conservative climb, ETH’s rally reflects its utility as a programmable settlement layer, with on-chain activity spiking 15% week-over-week.

Ethereum’s latest hard fork, implemented on December 3, 2025, boosts scalability by expanding blob capacity from 6 to 14 per block via PeerDAS. This slashes Layer 2 fees by up to 95%, enhancing throughput to 100,000+ TPS in real-time environments like MegaETH.

Lower costs are sparking Jevons Paradox-style demand: cheaper transactions drive more DeFi, RWAs, and stablecoin activity, burning ETH via EIP-1559 and tightening supply. TVL on Ethereum L2s hit $45B post-upgrade, up 15% in a week, as chains like Base and Arbitrum see explosive growth in perps and tokenized assets.

The CFTC’s collateral pilot now allows BTC/ETH as margin in regulated derivatives, unlocking billions in TradFi liquidity—ETH futures volume on CME surpassed BTC for the first time. Spot ETH ETFs from BlackRock, Fidelity, and Franklin Templeton are live and staking-enabled, offering 4-5% APY to institutions, with $2.5B in whale accumulation during recent dips.

The GENIUS Act legalized U.S. Treasury-backed stablecoins like USDC, PYUSD, all routing through Ethereum for settlement, amplifying blockspace demand and ETH burns. Banks like JP Morgan are integrating ETH for loans and liquidity rails, citing its 10-year uptime.

With 96% odds of a Fed rate cut today, risk assets like ETH are rallying on looser policy expectations—mirroring historical +35% surges after Treasury yield drops. Developer activity hit 16,000 new contributors YTD, fueling L2 ecosystems. Stablecoin volume reached $2.82T in October, with RWAs tokenizing stocks and bonds exclusively on Ethereum’s secure stack.

Technicals show RSI at 62 and MACD crossover, with support at $3,000 and upside to $4,000 by month-end if Fed signals dovish. Risks include stake centralization and macro reversals, but fundamentals point to $5,000–$6,500 averages for 2025.

Trump Stated that Immediate Interest Rate Cuts would Serve as Litmus Test for Next Nominee

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President Donald Trump made a statement during an interview with Politico. He explicitly affirmed that immediate interest rate cuts would serve as a “litmus test” for his nominee to replace Federal Reserve Chair Jerome Powell, whose term ends in May 2026.

Trump responded “yes” when asked if a new chair lowering rates right away would be a requirement, signaling a push for more aggressive monetary easing to support economic growth amid concerns over inflation and tariffs.

This aligns with Trump’s broader criticisms of Powell, whom he has accused of being “too late” on rate reductions, and his recent appointment of economic adviser Stephen Miran to the Fed board to influence policy.

As of December 10, 2025, the Federal Open Market Committee (FOMC) is concluding its final meeting of the year, with a decision expected at 2:00 PM ET.

Economists anticipate a third consecutive quarter-point rate cut to a range of 4.25%-4.50%, despite internal Fed divisions over persistent inflation hovering above the 2% target due to Trump’s tariffs and a weakening labor market over 1.1 million jobs cut through November.

Powell’s post-meeting press conference at 2:30 PM ET will provide further clues. Trump has signaled an announcement for Powell’s replacement in early 2026, with Kevin Hassett former White House economic adviser and advocate for low rates emerging as a frontrunner.

Hassett has long argued for “expansion-leaning” Fed policy to keep capital cheap and growth high. This move underscores Trump’s desire to bend the traditionally independent Fed toward his agenda, including slashing borrowing costs to offset tariff impacts.

The rhetoric has fueled optimism in stocks and crypto, with expectations of higher liquidity and cheaper loans under a Trump-aligned chair. However, risks include renewed inflation spikes or Fed pushback on political interference.

President Trump says rate cuts will begin right away under the next Federal Reserve Chair.” President Trump says the next Fed chair must move straight into rate cuts… Big message for the markets.” This could mark a pivotal shift in U.S. monetary policy.

Tariffs are taxes imposed on imported goods, designed to protect domestic industries by making foreign products more expensive. While they can generate government revenue and encourage local production, their primary economic impact on inflation stems from cost-push effects.

Higher prices for imports and inputs, which businesses often pass on to consumers. This raises the overall price level, contributing to inflation—a sustained increase in the general price level of goods and services.

However, the magnitude and persistence depend on factors like the scale of tariffs, import reliance, exchange rates, and global retaliation. Economic consensus, drawn from historical data and recent analyses, shows tariffs typically act as a one-time price shock rather than ongoing inflation drivers, unless they disrupt supply chains persistently.

In 2025, under President Trump’s expanded tariffs like 10-25% on most imports, up to 60% on China, they’ve measurably boosted U.S. inflation amid a backdrop of cooling post-pandemic pressures.

Tariffs raise the cost of imported consumer goods and intermediate inputs. Importers absorb some costs initially but pass most through to retail prices, especially for inelastic goods like essentials.

Higher input costs inflate production expenses across sectors, amplifying effects on non-tradable goods like housing via pricier building materials. Tariffs can weaken demand slowing growth and potentially curbing inflation but retaliatory tariffs from partners raise export costs, hurting U.S. competitiveness and adding upward pressure.

A stronger U.S. dollar from tariffs can offset some import price hikes, but depreciation as seen in 2025 exacerbates them. Effects aren’t immediate—retailers stockpile pre-tariff inventory, delaying passthrough by 3-6 months. Inflation often peaks 2-3 years later as adjustments settle.

Recent Federal Reserve analyses provide robust, data-driven insights. These added 0.1-0.2 percentage points to core PCE inflation, with near-full passthrough to consumer prices within months. Studies like Amiti et al. (2019) confirmed costs fell mostly on U.S. households, not foreign exporters.

Tariffs explain 0.5 pp of headline PCE annualized inflation and 0.4 pp of core PCE for June-August 2025. Over the 12 months ending August, they accounted for 10.9% of headline inflation—statistically significant and tied to timing of tariff hikes.

New 60% China/10% global tariffs could add at least 0.5 pp to core PCE; a broader proposal might reach 2.2 pp without offsets. A 25% universal tariff on imports could raise PCE prices by 0.3-0.8 pp short-term, with inflation peaking after 3 years. Investment goods amplify effects more than consumer goods.

Broader models (e.g., PIIE 2025) project 2025 tariffs reducing U.S. GDP by 0.5-1.5% while adding 0.5-1.0 pp to inflation in year 1, worsening with retaliation. J.P. Morgan estimates mid-teens effective rates could settle inflation 0.3-0.6 pp higher by mid-2026.

Some analyses argue tariffs’ $49B cost hike is just 0.3% of consumer spending, a one-off level shift not sustained inflation. Rolling them back might cut prices 0.3-0.7 pp but risks supply chain fragility.

CPI held at 3% through September 2025, with import goods prices slightly down year-over-year—attributed to energy drops and retailer absorption. Housing up 3.4% and electricity drove more inflation than tariffs.

Advocates claim tariffs fund rebates like $12B farmer aid in Dec 2025 and reshoring 300+ plants, offsetting costs long-term. X discussions echo this, with users noting inflation at 2.5-2.7% under Trump vs. 9.1% under Biden, blaming prior policies.

Yet, Fed Chair Powell noted in June 2025 that tariffs “materially” raised forecasts, prompting fewer rate cuts. Yale Budget Lab estimates $1,300-1,700 per-household loss in 2025, outpacing revenue gains.

Globally, they slow growth and inflate partners’ prices. Politically, affordability concerns persist—X users decry tariffs as “taxes on consumers,” fueling Democratic attacks, while supporters hail revenue for dividends.

In sum, tariffs reliably add to inflation substantiated by Fed regressions and price data, but offsets like dollar strength and subsidies mitigate severity. Persistent hikes risk entrenched inflation; monitoring PCE through 2026 will clarify dynamics.