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Hicks Commentary: Challenging Economy Poised to Worsen - THE INDIANA CITIZEN

Economist Michael J. Hicks says tariffs and policy choices will worsen prices and economic outlook through 2026.
The piece links higher prices to tariffs, saying stockpile effects and pre-tariff buying masked impacts for a time.
Hicks notes a mixed economy with strong stock-market gains but rising unemployment and manufacturing job losses.
The author argues presidents have limited impact on inflation, with policy shocks and external factors driving downturns.
Hicks criticizes tariff strategy, suggesting it created economic distortions and uncertainty.
The piece cites a shift toward AI-driven growth in stock markets as a driver of 2025 gains.
Manufacturing job openings have plummeted, signaling weakness in the goods sector.
The article stresses caution about overestimating presidential impact on the economy.
Hicks frames policy response as critical to controlling inflation and price volatility.
The commentary anticipates a worsening cost of Thanksgiving meals and holiday spending.
The piece suggests that the public should expect continued price pressure and policy debate into 2026.

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