Trump, inflation and tariff
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Trump, Jerome Powell and Fed
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Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s bid to assert control over the Federal Reserve and drive down interest rates could trigger a surge in inflation expectations that pushes up long-term borrowing costs.
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US inflation heats up to 2.7% — a possible sign that Trump tariffs have begun to stingUS inflation ticked up in June in a possible sign that President Trump’s tariffs are starting to sting. The Consumer Price Index rose 2.7% in June from the year before, matching economists’ expectations but coming in above the previous month’s 2.4% ...
Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.
President Donald Trump swept into office in January with a promise to tackle what he called the "inflation crisis" that had kicked off under his predecessor.
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The Daily Caller on MSNSteve Moore Explains How Trump’s Policies Have Changed Inflation And Americans’ WagesEconomist Steve Moore explained on Fox Business Thursday how President Donald Trump’s policies have contributed to a significant shift in the U.S. economy, especially in terms of inflation and wages.
Financial news has been breaking fast and furious, thanks to President Trump. Over the past week, he has: Escalated threats of sharply higher tariffs on major trading partners that don’t cut trade deals with him by the end of the month.
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
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CNET on MSNWith Trump's Tariffs Linked to Inflation, I'm Tracking 11 Key Products for Price MovesThe deadline for the start of Trump's heaviest tariffs has been delayed a few weeks, but a new report has nonetheless shown that inflation is once again on the rise.
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AlterNet on MSN'It’s a pain': Trump-era inflation and disasters are spiking insurance in this swing stateIf President Donald Trump is relying on low inflation and costs to save him in the mid-terms, one southern swing state may prove a hard fight. The Atlanta Journal Constitution reports that insurance rates for Georgia homeowners grew by nearly 12 percent just in the past year,
President Donald Trump may ultimately get his wish for lower interest rates, but it isn’t likely to be the result of his intensifying criticism of Federal Reserve Chairman Jerome Powell.