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Trump Rate Hopes Burned as New Inflation Data Comes in Hot

Rogue Valley

Rogue Valley

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www.newsweek.com

Trump rate hopes burned as new inflation data comes in hot

The PPI reading "is a most unwelcome surprise," said one investment analyst.
www.newsweek.com www.newsweek.com

8.14.25
Producer prices rose sharply in July, federal data shows, dashing President Donald Trump's hopes that the Federal Reserve would cut rates in September as he has been demanding. The Producer Price Index (PPI) rose by 0.9 percent on the month in July, the U.S. Bureau of Labor Statistics (BLS) said on Thursday, and by 3.3 percent on the year. Both were much higher readings than the markets were expecting. The monthly rise was the biggest since June 2022, and the annual increase the highest since February this year. Core PPI, which strips out volatile data points, rose by 3.7 percent over the year, its highest annual rise since April 2021. The PPI measures the output prices for domestic producers of goods and services before they reach consumers. he PPI data suggests that the much-anticipated feedthrough of Trump's tariffs into consumer prices is coming down the line, a fear that has so far deterred the Fed from cutting rates. Chris Zaccarelli, chief investment officer for Northlight Asset Management, said the "large spike" in PPI "shows inflation is coursing through the economy, even if it hasn't been felt by consumers yet. Given how benign the CPI numbers were on Tuesday, this is a most unwelcome surprise to the upside and is likely to unwind some of the optimism of a 'guaranteed' rate cut next month." Christopher Rupkey, chief economist at fwdbonds, said: "It will only be a matter of time before producers pass their higher tariff-related costs onto the backs of inflation-weary consumers."
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Increased costs for Trump's tariffs are coursing through production/transportation pipelines. This is reflected in the latest PPI data. Buckle-up folks.
 
Helix said:
It's weird that ****ing the economy up on purpose ****s up the economy. We're gonna need a different inflation report!
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Don't give him ideas...
 
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More economic data that the newly appointed BLS Commissioner (E.J. Antoni) must/will suppress in the future.

By the way, Mr. Antoni, Chief Economist at the conservative Heritage Foundation (Project 2025), was photographed within the Capital crowds on January 6.

Of the ~20,000 degreed Economists in the US, Trump nominated the lone economist at the January 6 insurrection.

The Republican controlled Senate will, of course, confirm his nomination. No embarassing questions asked.
 
Hey y'all, listen up, any inflation is Joe Biden's fault!! Got it? :mad:
 
He caused it. He owns it.
 
Trumpflation is here and it's getting far worse.

Trumpflation has just begun to sting.
 
Peacenik said:
Trumpflation is here and it's getting far worse.

Trumpflation has just begun to sting.
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  • GDP Growth:
    Real GDP increased by 3.0% in the second quarter of 2025, according to the Bureau of Economic Analysis (BEA). This indicates the economy is still growing, though the rate is slower than in recent years.

  • Consumer Spending:
    Consumer spending, a key driver of the economy, has shown resilience, though it has slowed somewhat.

  • Low Unemployment:
    The unemployment rate remains low at 4.2%, indicating a healthy labor market.

  • Job Growth:
    Payroll employment has seen positive growth.

  • Consumer Sentiment:
    Consumer sentiment, as measured by the University of Michigan, has improved from its low point in 2022.

  • Stock Market:
    The stock market, as measured by the S&P 500, is at a higher level than a year ago, according to Trading Economics.
Seems its a bit of a mixed bag and not "far worse". But you read it how you like.
 
Trump is a horrible president. And he was a horrible business person who only succeeded because of his Papa's and money. And then a fake TV show.
 
CaughtInThe said:
Trump is a horrible president. And he was a horrible business person who only succeeded because of his Papa's and money. And then a fake TV show.
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Don't forget the Putin ordered Russian Oligarchs underwriting his bad Deutschbank paper. Trump Tower in Toronto was one of those rescued by Russian backers.
 
Integrityrespec said:
  • GDP Growth:
    Real GDP increased by 3.0% in the second quarter of 2025, according to the Bureau of Economic Analysis (BEA). This indicates the economy is still growing, though the rate is slower than in recent years.

  • Consumer Spending:
    Consumer spending, a key driver of the economy, has shown resilience, though it has slowed somewhat.

  • Low Unemployment:
    The unemployment rate remains low at 4.2%, indicating a healthy labor market.

  • Job Growth:
    Payroll employment has seen positive growth.

  • Consumer Sentiment:
    Consumer sentiment, as measured by the University of Michigan, has improved from its low point in 2022.

  • Stock Market:
    The stock market, as measured by the S&P 500, is at a higher level than a year ago, according to Trading Economics.
Seems its a bit of a mixed bag and not "far worse". But you read it how you like.
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It’s almost like you have to squint and pretend to see things in this new the Golden Age, huh?
 
Integrityrespec said:
  • GDP Growth:
    Real GDP increased by 3.0% in the second quarter of 2025, according to the Bureau of Economic Analysis (BEA). This indicates the economy is still growing, though the rate is slower than in recent years.

  • Consumer Spending:
    Consumer spending, a key driver of the economy, has shown resilience, though it has slowed somewhat.

  • Low Unemployment:
    The unemployment rate remains low at 4.2%, indicating a healthy labor market.

  • Job Growth:
    Payroll employment has seen positive growth.

  • Consumer Sentiment:
    Consumer sentiment, as measured by the University of Michigan, has improved from its low point in 2022.

  • Stock Market:
    The stock market, as measured by the S&P 500, is at a higher level than a year ago, according to Trading Economics.
Seems its a bit of a mixed bag and not "far worse". But you read it how you like.
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"Consumer spending ... has slowed ..."

I said it is getting worse. The worst is yet to come. Many have heard the news, gone out and spent on things they fear will soon cost more. The sound heard across America now is the sound of wallets slapping closed, not to be opened again any more than absolutely needed until consumers can figure out what is going on in all this uncertainty caused by TACO.

Basically, the American economy can now kiss discretionary consumer spending goodbye for a while. People are afraid of Trumpflation.
 
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