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Core Inflation Falls To Lowest Rate In Four Years

snakestretcher said:
Right, so those businesses which have up until now benefited from less expensive imported steel are now seeing their material costs increase by 50%.
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Umm... no.

apnews.com

Biden administration to tax foreign-made steel and aluminum imports routed through Mexico

The Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere.
apnews.com apnews.com

Biden had already taxed steel at 25%. So these companies that were still buying imported steel would see their material costs rise about 20%.

snakestretcher said:
So much winning! Will you be celebrating when those costs are passed onto you?
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Raising taxes always costs people more. I'm not against paying higher taxes. I think more people should pay more taxes.

So no, I won't be too mad, even if I would prefer that the companies I buy from use American steel. I realize that is not always an option, and accept higher taxes I would pay in those cases.
 
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snakestretcher said:
I'm not a pessimist by nature, and I'd hate to piss on your cornflakes, but Trump's tariffs haven't impacted yet.
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Really?

I was promised months ago that shelves would be empty and prices would be higher from his stupid tariffs.

What date will they hit?

Or will the TACO man just keep failing, like he does pretty much always, and inflation will juat remain low?

We'd hate to be other countries right now - check out the inflation rate in some trading partners, like the UK. So we know how bad things could be.
 
Greenbeard said:
If Biden's spending caused inflation, it's curious that Trump's higher spending is continuing the drop in inflation that's been ongoing since 2022.
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This is a silly conflation of two different influences with different effects.

Neither justifies the other.
 
Yes, this is the left's politically motivated push narrative, what is being passed around the liberal / progressive media echo chamber, and no surprise that you are parroting it.
 

Which is nice for you.

The real point I was making is that when we acknowledge that our GDP is overwhelmingly driven by Consumer Spending, usually somewhere in the 68% to 70% of all GDP is consumer based, then it stands to reason that any economic headwinds, which in this case consumer sentiment, becomes amplified by debt held (by type.)

All that really means is the further we go down the income quintile list the more likely consumer not just spend all they earn, they also tend to need credit to spend more than they earn.

So, a President comes along and decides a multiple way tariff dispute is the right answer then all of a sudden Core PCE changes to reflect that sentiment consumers have. Debt already slows consumers down, made worse by demand and supply no longer being in sync.

Just a month ago there was no reason for the Fed to encourage credit based buying, that may be up for dispute now.
 
This thread will likely not age well.
 
Napoleon said:
Look at the lefties being angry that inflation is being brought under control.
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Yeah, from 2.2% it plummeted to 2.1%.

FINALLY we see some relief!!! Glad its under control now!
 
Proving yet again that, for whatever reason, MAGA is horrible at science and math.

So they attack lie and divert. Just keep reading.
 
bongsaway said:
As far as republicans are concerned, all problems in America are due to Democrats.
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His post was in response to me, and I clearly stated that both Democrats and Republicans have spent recklessly over the past few presidential administrations. The only people here claiming that the spending problem is one-sided are Democrats saying that the debt is all due to Republican reckless spending.
 
Hi white Jesus, how you doin'? The difference is what are the two parties spending on? As I look around and see what the trump administration is doing, I ask myself, who are all of these eo's helping and who are they hurting? I don't see a whole lot of helping from the GOP unless you consider helping the top ten percent helping while hurting most of the rest of us.
 
Supply and demand, it rarely fails.

US economy contracts 0.2% in Q1 amid tariff-driven disruption; imports, weak spending weigh on growth - Times of India

International Business News: The US economy experienced a 0.2% contraction in the first quarter of 2025, primarily due to a surge in imports ahead of President Trump's tariff hike
timesofindia.indiatimes.com

 
Further, there are Republicans in congress which are calling out the government's excessive spending, even in the BBB, while Democrats continue their mantra of 'Fair Share' with next to no support for spending restraint.

We are not the same.
 

Howdy!
What defines "help" is very open to interpretation. For instance, George W. Bush though he was "helping" people in the Middle East by trying to replace Sharia law with democracy. Obama thought he was "helping" people by pushing through the healthcare lobbyist-approved rebrand of Hillary Clinton's failed plan, which opened the door to replacing higher premiums with sky-high deductibles. Many people simply went from not being able to afford their premiums to not being able to afford their deductibles, a distinction without a difference in practice.

My main point is that all deficit spending to such an extreme level is bad, no matter what it's going toward. It's despicable for our politicians to have put the American people in this situation, no matter what their excuses are. Wars, social programs that go on endlessly for decades and only make the targeted problem worse, attempting to manipulate markets only to create higher prices. It's all bureaucratic bullshit, and it's insane that Americans have become so manipulated that they not only ask for more of this ineffective nonsense, but they actually want to have their taxes increased to pay for it so they government can get more money to recklessly overspend at a deficit.
 
eohrnberger said:
Further, there are Republicans in congress which are calling out the government's excessive spending, even in the BBB, while Democrats continue their mantra of 'Fair Share' with next to no support for spending restraint.

We are not the same.
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I wouldn't say they're all the same, no, but I'm old enough to remember when it was a massive deal that Reagan added $1.6 to the overall debt, even from Republicans. In his case, it worked to stimulate the economy, but it set a spending trend for which we have not replicated his results since then.

The problematic areas of spending are definitely very different for each party, that's for sure, and there have consistently been more Republicans calling out their own side for it than Democrats willing to do the same, which pretty much never happens.
 
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snakestretcher said:
Trump claimed gas is at "$1.98". With no evidence, naturally.


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And you did the same by, with no evidence whatsoever, making this claim:

snakestretcher said:
Meanwhile the cost of eggs (Trump's favourite metric), has risen 49% and, contrary to Trump's lies, gas (petrol) prices are increasing, averaging $3.30.
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Care to address that? I posted links that demonstrably proved, beyond any doubt, that you were making these numbers up. If you're going to make intentionally false posts like that, then it kind of rings hollow when you complain about Trump asserting false information to be true...
 
Trump's own words, on video, are all the evidence anyone needs. "1.98". Petrol prices are nowhere near that and Trump, as is his habit, lied.
 
snakestretcher said:
Trump's own words, on video, are all the evidence anyone needs. "1.98". Petrol prices are nowhere near that and Trump, as is his habit, lied.
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That has nothing to do with my post. Why did you intentionally post false information about the prices of eggs and gas in the US?
 
eohrnberger said:
Yes, this is the left's politically motivated push narrative, what is being passed around the liberal / progressive media echo chamber, and no surprise that you are parroting it.
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Facts not to your liking; or do you prefer Trump's lies, for your own partisan reasons?

Don’t Give Trump Credit for the Success of the Biden Economy

President-elect Trump will likely attempt to claim credit as wages continue to recover
time.com

The Biden Administration Handed Over a Strong Economy

Here are five reasons why the U.S. economy was at its best in decades, right before President Trump took office for his second term.
www.americanprogress.org

FACT SHEET: How the Recovery Act Helped Save Us from a Second Great Depression and Made Critical Investments in our Long-Term Competitiveness

Seven Years After Signing the Recovery Act, President Obama to Highlight Its Transformative Impact on Our Economy
obamawhitehouse.archives.gov

How Barack Obama rescued the US economy

Given the starting point, and congressional opposition, recovery has been remarkable
www.ft.com
 
I
Hello My Son said:
Why did you intentionally post false information about the prices of eggs and gas in the US?
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I didn't; Trump did. You didn't watch the video I posted did you, or you would have heard him lie about petrol costs. "$1.98". Where can you get petrol for "$1.98"?

Trump Lies About Gas and Grocery Prices, Defends Tariffs

Trump said the price of gasoline is "down to $1.98 in many states" and told Americans to buy fewer dolls and pencils as tariffs increase prices.
www.rollingstone.com
 
Pretty much everything is increasing in price. And Trump's stupid tariff stunt is about to hit you, hard. Walmart have just announced overall increases for a start, and more US consumers use Walmart than any other retail outlet. That 50% steel tariff? Guess who's going to bear the cost of that 50% hike? Yes, your businesses who rely on cheaper imported materials so that you pay less at the checkout. Not any more; you'll be paying 50% more for anything containing imported steel, as well as paying considerably more for everything else Trump's tariffs are impacting. This isn't rocket surgery; it doesn't take an Einstein to figure out how imposing tariffs will cost you more. Trump didn't tell you that part.

Trump's Tariffs Are Here — Here's Who Pays | Bankrate

Trump is using tariffs — and the threat of tariffs — to launch an all-out trade war. The U.S. economy, and consumers, may pay the price.
www.bankrate.com

Grocery prices continue to rise, but some cities see higher spikes than others

A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
www.cbsnews.com

 
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Those aren't real sources--they're just op-ed nonsense. Obama's economy was historically sluggish as far as economic recoveries go, and that's largely attributable to the fact that his Keynesian policies attempting (and failing) to manipulate the markets.

The reality is that in four years, Trump, even after accounting for the false market suppression of 2020, grew the GDP just as much as Obama and W. Bush each did in their respective eight years. Biden grew it slightly more, but that was mainly from the predictable V-shaped recovery, which had nothing to do with his policies, as that recovery was complete in September, 2020.

All presidents since 2001 have overseen shit economies with sluggish growth when compared to some of their mid-20th century predecessors. Mix that in with the dollar devaluation that's occurred continuously since about 1940, and it's not a pretty economic picture, no matter how much anyone tries to sugarcoat their favorite presidents.
 
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