The gain in the Federal Reserve’s preferred inflation measure will probably average nearly 2.7% during the four quarters starting in April, according to economists surveyed by Wolters Kluwer.

In the long term, it’s unclear whether Trump’s threatened trade war will bring domestic manufacturing back to the U.S. and start a new industrial renaissance. In the meantime, American consumers will likely be stuck holding the bag.

President Donald Trump has kicked off his second term with sweeping changes—cutting foreign aid, firing federal workers, and scaling back government operations. While his policies are shaking up Washington,