Bank of America analysts say upcoming tariff refunds could help cool inflation and support bitcoin prices by easing pressure on yields and boosting liquidity.
The US Customs and Border Protection had processed $35.46 billion in tariff refunds as of May 11, covering 86,874 applications. Up to $166 billion in total IEEPA tariff collections may qualify for repayment to more than 330,000 importers. BofA noted that these disbursements could lift bank reserves and reduce future price increases by importers, potentially lowering core PCE inflation by 5 to 15 basis points in a base case scenario.
