2w ago

Inflation in the U.S. remains stuck, and Trump's economic plans are only adding to the uncertainty

www.nbcnews.com Price growth ticked up in November as inflation progress stalls

Economists generally believe that Donald Trump’s tariffs and deportations plan will prove inflationary and subsequently bad for growth.

Summary

U.S. inflation appears stuck at moderate levels, with November’s consumer price index expected to show little progress in reducing core inflation.

Persistent rent, car prices, and insurance premiums are contributing factors, complicating the Federal Reserve’s goal of lowering inflation without slowing the economy.

Trump’s proposed tariffs and deportation plans are expected to be inflationary, adding uncertainty to the economic outlook.

While wealthier Americans benefit from rising asset values, less well-off consumers face greater financial strain.

6 comments

Yeah, just wait until donvict adds some more taxes on top of the "inflation". Taxes from his tariffs - which are straight up taxes. And the inherent tax that will come from his deportation plans.
All of this will be something that hits the poor and middle class. Meanwhile, I'm sure more giveaways are planned for the broligarchs that surround donvict. As opposed to what should be happening, which is taxing anyone with assets above a billion such that they are "merely" millionaires.

I'm not an economist, but why wouldn't Trump just again strong-arm the Fed into cutting interest rates to artificially juice the economy and make it appear successful again (nevermind the inevitable bill to pay later)?
- Pretty sure he wants to. I remember some talk of him wanting to change Fed leadership to allow more influence from his decisions.
  Dear leader wants North Korea in America, but wants to call it freedumb.
  
  Unless I'm mistaken I believe he is leaving current leadership there in place. However the seat will open in 2026 so 🤷‍♂️
- Cutting interest rates excessively would likely increase inflation.

But muh eggs?!?!

6 comments