The Tariff Driven That Economists Feared Begins To Emerge.

[0311]

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

The tariff-driven inflation that economists feared begins to emerge

Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

apnews.com

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

Worsening inflation poses a political challenge for Trump, who promised during last year’s presidential campaign to immediately lower costs only to engage in a whipsawed frenzy of tariffs that have left businesses and consumers worried. Trump has already declared that the U.S. effectively has no more inflation as he has attempted to pressure Federal Reserve Chair Jerome Powell into cutting short-term interest rates.

Trump wants Fed. Chair to lower interest rates as inflation increases. Which at this point would be counter productive. He appointed Powell, but Powell does not bow to Trump's will, which in right now in the best interest of the American People.

 

[shockedcanadian]

What has wage growth been? How about treasury revenue?

Whenever the media speaks of inflation, I want to hear the net purchasing power. Inflation of even 4% won't mean as much if wages increased 6%

 

[Edgetho]

This was not unexpected. The Markets took it in stride.

The Dow is down but it's Yesterday's Breakfast anyway. The 'Daq and the S&P are where it's at and they're up.

If Trump fires Powell, look for the economy to start kicking some arse. Yeah, I know OMB Appointed him but you don't really know somebody until they start working. Powell is a mistake. He really does need to go.

I think Trump has Powell's ass nailed to the wall. Powell spent unauthorized billions on his office and Trump is after him. He's gonzo, IMO

Exclusive | Jerome Powell accused of lying to Congress over $2.5B 'Palace of Versailles' HQ revamp

“There’s no VIP dining room, there’s no new marble. There are no special elevators,” Powell insisted under questioning from the powerful panel on Wednesday.

nypost.com

 

[Man With A Plan]

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

The tariff-driven inflation that economists feared begins to emerge

Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

apnews.com

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

Worsening inflation poses a political challenge for Trump, who promised during last year’s presidential campaign to immediately lower costs only to engage in a whipsawed frenzy of tariffs that have left businesses and consumers worried. Trump has already declared that the U.S. effectively has no more inflation as he has attempted to pressure Federal Reserve Chair Jerome Powell into cutting short-term interest rates.

Trump wants Fed. Chair to lower interest rates as inflation increases. Which at this point would be counter productive. He appointed Powell, but Powell does not bow to Trump's will, which in right now in the best interest of the American People.

I hate to break this to all of the Trump haters but the rampant inflation that you were promised would happen by your favorite liberal economists isn't taking place. Trump has used the threat of tariffs to get new trade deals done with multiple countries. Getting the BBB pushed through Congress has the economy poised to take off again with massive amounts of private investment creating jobs and bringing in more revenue. The price of gas is going down which will also lower inflation. Once again...Trump has demonstrated that when it comes to the economy and making deals...he's better at it than just about anyone!

So have fun running on abolishing ICE and allowing men to compete in women's sports, Kiddies! That ought to be a winner next year!

 

[1srelluc]

Worth-every-penny.

What, you thought there wasn't gonna be a price to pay for FJB running the USA into the ground when it came time to fix it?

 

[Winston]

What has wage growth been? How about treasury revenue?

Whenever the media speaks of inflation, I want to hear the net purchasing power. Inflation of even 4% won't mean as much if wages increased 6%

Seriously? Wage increases outpaced inflation through at least the last two years of the Biden presidency. Yet you MAGA nuts were screaming about inflation throughout the election season. You know what the inflation rate was in November of 2024? 2.7% LOL

 

[shockedcanadian]

Seriously? Wage increases outpaced inflation through at least the last two years of the Biden presidency. Yet you MAGA nuts were screaming about inflation throughout the election season. You know what the inflation rate was in November of 2024? 2.7% LOL

Public or private wages?

The jobs that were "created" were either government or in some instances, almost entirely filled by illegals in your country.

The American government should be looking out for Americans, no?

 

[struth]

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

The tariff-driven inflation that economists feared begins to emerge

Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

apnews.com

Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month.

Worsening inflation poses a political challenge for Trump, who promised during last year’s presidential campaign to immediately lower costs only to engage in a whipsawed frenzy of tariffs that have left businesses and consumers worried. Trump has already declared that the U.S. effectively has no more inflation as he has attempted to pressure Federal Reserve Chair Jerome Powell into cutting short-term interest rates.

Trump wants Fed. Chair to lower interest rates as inflation increases. Which at this point would be counter productive. He appointed Powell, but Powell does not bow to Trump's will, which in right now in the best interest of the American People.

Inflation is still lower then what he inherited from Biden

 

[Winston]

Public or private wages?

The jobs that were "created" were either government or in some instances, almost entirely filled by illegals in your country.

The American government should be looking out for Americans, no?

That is private wages hoss. And those "illegals", looking out for Americans. Trump is thinking about granting exemptions to this mass deportation fiasco to farm workers and, get this, hotel workers. That clearly indicates Trump doesn't give two shits about taking care of the American people. Trump is all about taking care of Trump, nothing else.

 

[Edgetho]

dimocrap scum got -- Nothing

.@PressSec: "Every month since @POTUS
took office, core inflation--the best measure of inflation--has beat or matched expectations. The data proves that @POTUS
is stabilizing inflation and the Panicans continue to be wrong about tariffs raising prices."

MxM News: Core inflation comes in below forecast for fifth month in a row

Core inflation comes in below forecast for fifth month in a row

mxmnews.com

Under President Trump, core inflation continues to come in below expectations -- with June marking the fifth consecutive month of better-than-forecast results. From vehicles to groceries, key prices are holding steady or falling, confirming that inflation is right on track.
Key Details:

Headline inflation rose just 0.1% in June, with the annual rate at 2.7% -- both numbers showing price stability as the trend continues to improve.

Core CPI, which excludes food and energy, increased 0.2% -- below the 0.3% economists predicted. Year-over-year, core inflation held steady at 2.9%, reinforcing the consistent progress made under President Trump.

New vehicle prices declined 0.3% in June, and used car prices dropped 0.7%. Apparel prices rose for the first time in months, but men's and children's clothing costs fell. Shoe prices and household furnishings saw modest increases, showing strength in domestic demand.

Diving Deeper:

For the fifth month in a row, inflation under President Donald J. Trump came in cooler than economists expected -- a clear sign that the White House's pro-growth, pro-stability agenda is working. June's Consumer Price Index showed a modest 0.1% rise from the prior month, and an annual increase of 2.7%, slightly above projections but still a sharp departure from the runaway inflation seen under Joe Biden.

The bigger story came from core inflation. Core CPI, which strips out volatile food and energy categories, rose just 0.2% in June -- under the 0.3% forecast -- and remained at 2.9% year-over-year. Since President Trump returned to office, core inflation has stayed consistently below expectations, helping drive real wage growth and boost consumer confidence.

 

[SweetTea]

Inflation is still lower then what he inherited from Biden

They don't care. It is all about hating on Trump and any policy Trump supports.

 

[struth]

They don't care. It is all about hating on Trump and any policy Trump supports.

Which lowered inflation compared to their policies

So what does that tell you? They hate the American people

 

[Marener]

They don't care. It is all about hating on Trump and any policy Trump supports.

I mean, it would help if you guys were less delusional. Imagine thinking that tariffs put money into the economy. It makes no sense.

Everyone is counting on Trump to chicken out. Inflation isn't increasing at least in part because everyone is betting that these tariffs don't actually happen.

 

[Edgetho]

They don't care. It is all about hating on Trump and any policy Trump supports.

 

[Man With A Plan]

That is private wages hoss. And those "illegals", looking out for Americans. Trump is thinking about granting exemptions to this mass deportation fiasco to farm workers and, get this, hotel workers. That clearly indicates Trump doesn't give two shits about taking care of the American people. Trump is all about taking care of Trump, nothing else.

Trump is pragmatic. He'll deport all of the illegals if that's what's good for the country. He'll allow some of them to stay if they provide vital services to the economy. That's not taking care of Trump...that's taking care of the American people! You on the left flooded the US with unvetted illegals because you wanted political power. You didn't give two shits about WHO you let in...you didn't give two shits about the dangers an open border policy would cause!

 

[Winston]

dimocrap scum got -- Nothing

MxM News: Core inflation comes in below forecast for fifth month in a row

Core inflation comes in below forecast for fifth month in a row

mxmnews.com

Under President Trump, core inflation continues to come in below expectations -- with June marking the fifth consecutive month of better-than-forecast results. From vehicles to groceries, key prices are holding steady or falling, confirming that inflation is right on track.
Key Details:

Headline inflation rose just 0.1% in June, with the annual rate at 2.7% -- both numbers showing price stability as the trend continues to improve.

Core CPI, which excludes food and energy, increased 0.2% -- below the 0.3% economists predicted. Year-over-year, core inflation held steady at 2.9%, reinforcing the consistent progress made under President Trump.

New vehicle prices declined 0.3% in June, and used car prices dropped 0.7%. Apparel prices rose for the first time in months, but men's and children's clothing costs fell. Shoe prices and household furnishings saw modest increases, showing strength in domestic demand.

Diving Deeper:

For the fifth month in a row, inflation under President Donald J. Trump came in cooler than economists expected -- a clear sign that the White House's pro-growth, pro-stability agenda is working. June's Consumer Price Index showed a modest 0.1% rise from the prior month, and an annual increase of 2.7%, slightly above projections but still a sharp departure from the runaway inflation seen under Joe Biden.

The bigger story came from core inflation. Core CPI, which strips out volatile food and energy categories, rose just 0.2% in June -- under the 0.3% forecast -- and remained at 2.9% year-over-year. Since President Trump returned to office, core inflation has stayed consistently below expectations, helping drive real wage growth and boost consumer confidence.

You go ahead and enjoy your temporary victory. The underlying dynamics of the economy clearly indicates that inflation is only going to get worse. You are falling into the same trap as the FED, backwards looking and not forward looking. Reactive instead of proactive.

Riddle me this, what specific policy, an EO, legislation passed, has the Trump administration adopted to combat inflation? I mean I have an answer, just impress me a bit and show me you know.

 

[Man With A Plan]

I mean, it would help if you guys were less delusional. Imagine thinking that tariffs put money into the economy. It makes no sense.

Everyone is counting on Trump to chicken out. Inflation isn't increasing at least in part because everyone is betting that these tariffs don't actually happen.

Do you have any idea about the massive amounts of money that are now being spent in the US because of the tariffs? I've never seen anything quite like it. I know you'll never admit it, Marener but when it comes to the economy...Trump is playing 3-D chess while you Democrats are playing checkers!

 

[Winston]

Trump is pragmatic. He'll deport all of the illegals if that's what's good for the country. He'll allow some of them to stay if they provide vital services to the economy. That's not taking care of Trump...that's taking care of the American people! You on the left flooded the US with unvetted illegals because you wanted political power. You didn't give two shits about WHO you let in...you didn't give two shits about the dangers an open border policy would cause!

He will allow some of them to stay? WTF? That is a problem, a real problem. And no, Biden did not have an open border policy. In fact deportations under Biden were almost at the level they are now. Trump has hardly made a substantial increase. And damn, when it comes to providing vital services to the economy, well hell yeah, "illegals" a stupid ass term, do, for the most part. All of them.

And that is the thing. If Trump was deporting gang members, violent criminals, hell yeah, I would applaud that. But ICE agents showing up at court, at churches, at schools. Deporting people that have been here, providing those vital services for ten, twenty, thirty years. That is just stupid. And worse, it is cowardly. Trump is a chickenshit.

 

[Marener]

Do you have any idea about the massive amounts of money that are now being spent in the US because of the tariffs? I've never seen anything quite like it. I know you'll never admit it, Marener but when it comes to the economy...Trump is playing 3-D chess while you Democrats are playing checkers!

Let’s see the data.

 

[22lcidw]

Let’s see the data.

Progressive Socialists have the greatest marketing in the world for their party. You had to screw up badly to lose. Your party had two incompetent people at the top of the ticket for any reason from the 2020 election. Your responses to questionable legislations were slow if at all. Usually, you have the candidates that talk the technical crap and when put into practice the results are mixed or worse. Teh extremists ran the party behind the scenes the last 4 years. Many nations would have collapsed.