Fortune enfuego today.
Immigrants worked for lower wages for many jobs that most Americans don’t want to do.
If you need a dishwasher now it’s going to cost you.
This is going to put a lot of pressure on wages which will of course push inflation higher. pic.twitter.com/F3WiAeC1qX
— QE Infinity (@StealthQE4) August 16, 2025
Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist Mark Zandi told Fortune.
He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.”
Zandi says his stark prediction is based on recent inflation data. “Foreign-born labor force is declining, and the overall labor force has gone flat since the beginning of the year,” he added. “That’s causing tightening in a lot of markets, adding to costs and inflation.”
https://finance.yahoo.com/news/trump-deporting-many-immigrants-could-090000185.html?guccounter=1