ECB raises eurozone interest rates as Iran war stokes inflation
European Central Bank increases main deposit rate to 2.25%, with two further rises expected by next springand even more important, inflation in Europe is presently at 2.8% and expected to rise to 3%.
What is worse is that the inflation report that came out yesterday about us, shows that OUR inflation is now 4.2%. In other words, our inflation is higher than in Europe
AI Overview
U.S. inflation reached an annual rate of 4.2% in May, up from 3.8% in April, marking its highest level in three years. This steady acceleration has been primarily driven by surging energy and gasoline costs caused by the ongoing war with Iran.
In simple words, Trump is not only not keeping the promise he made about lowering inflation, but he is actually causing worse inflation that seen in other places.
Last edited: