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I think that is going to be proved untrue.......Bookmarked
I think that is going to be proved untrue.......BookmarkedPresident Trump making America great again.
It's not just a slogan.
He's extremely adroit at flip flopping.Seems like he's been quite effective.
If the economy is doing well, there's no reason to lower interest rates.UE came down a bit as well.. all good
“The anti Trump story has been that we’re going to have a recession or a depression because of the tariffs, which are going to jack up prices and cause consumers to run for the exits” Kevin Hassett, National Economic Council director, said on CNBC. “In fact, every single thing about this GDP release has shown strength.”
- Gross domestic product jumped 3% for the second quarter, better than the 2.3% estimate and reversing a 0.5% decline in the prior period.
- Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period.
- While exports declined 1.8% during the period, imports fell 30.3%, reversing a 37.9% surge in Q1.
- President Donald Trump responded to the GDP report with a fresh demand for the Federal Reserve to lower interest rates.
Trump has been complaining about high mortgage rates, which have held back the housing market. Residential investment fell 4.6% in Q2.
At the same time, GDP posted its strong rise without help from government spending. Federal outlays declined 3.7%, coming off a 4.6% drop in the first quarter.
State and local government spending rose 3%.
how exactly are we going to be "great"? when were we last great? did he make us great when we were in his first term?President Trump making America great again.
It's not just a slogan.
Technically tariffs dont inflation per se, they just increase prices, but that can have knock on effects and weve already seen prices rise.
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If the economy is doing well, there's no reason to lower interest rates.
You nailed it. Look at his recent appointees - television appearance is more important than qualifications.You indeed are right. He's doing a Reality Show.
You have no idea what the **** the markets are waiting for. Get real.No.
Markets are waiting for the FOMC announcement and Powell comments later this afternoon.
Yeah. Trump enacts huge 145% tariffs on China, the world (incl us posters) reacts predicting upheaval, Trump TACO's, and in response to the TACO we're attacked & belittled.
It that don't exemplify the MAGA ethos, I don't know what does?
It's Trump's economy on his first day in office. It was Biden's economy on his first day in office.This means it’s still Biden’s economy. If we’d seen a contraction the leftoids would call it Trump’s.
In all seriousness, I like positive economic news regardless of who’s president.
No, it is just a slogan. Increasing cost of living for Americans isn't making us great.President Trump making America great again.
It's not just a slogan.
I have an ounce of common sense and knowledge of basic economic theory.
Again, Biden pumped hundreds of billions into American consumers when we were already back to full employment while at the same time we were experiencing severe supply chain disruptions (apprently you forgot about empty store shelves). You want to simply ignore the most basic of economic principles of too many dollars chasing too few goods. Classic inflation.
You can pretend you don't understand what I'm saying and instead resort with your typical smarmy posts but anyone older than a 3rd grader will understand.
Indeed. And the USA has a process for accomplishing this. We don't have a king ffs.You would have to understand American tax laws. For many decades Americans have lowered taxes across the board. Rates are at historic lows, as well as far, far lower than most developed countries.
This has led to increasing problems of lowered social services, massive debt and massive wealth inequality.
Raising taxes is one of the first steps to rectifying this problem.
I'd love to know the objective criteria you are using to make that statement.President Trump making America great again.
It's not just a slogan.
It's called, WINNING!!!!!!! Thank you President Trump.UE came down a bit as well.. all good
“The anti Trump story has been that we’re going to have a recession or a depression because of the tariffs, which are going to jack up prices and cause consumers to run for the exits” Kevin Hassett, National Economic Council director, said on CNBC. “In fact, every single thing about this GDP release has shown strength.”
- Gross domestic product jumped 3% for the second quarter, better than the 2.3% estimate and reversing a 0.5% decline in the prior period.
- Consumer spending rose 1.4% in the second quarter, better than the 0.5% in the prior period.
- While exports declined 1.8% during the period, imports fell 30.3%, reversing a 37.9% surge in Q1.
- President Donald Trump responded to the GDP report with a fresh demand for the Federal Reserve to lower interest rates.
Trump has been complaining about high mortgage rates, which have held back the housing market. Residential investment fell 4.6% in Q2.
At the same time, GDP posted its strong rise without help from government spending. Federal outlays declined 3.7%, coming off a 4.6% drop in the first quarter.
State and local government spending rose 3%.
i hope you blamed trump for the first quarter gdp.It's called, WINNING!!!!!!! Thank you President Trump.
And the democrats complain about success and blue jeans.
That's the case throughout the country. Everywhere, sellers are having to drop prices - like you said, even multiple times.I am still trying to sell my house..i had to drop the price 2 x. housing -if nothing else needs a rate cut
lol. trump fanboy approves of results under trump.Really good news today with this release. Hassett summed it up well.
"It's really one of the best GDP announcements or releases that you can imagine because there's blockbuster growth way above expectation, and there's also a real, real, almost collapse in inflation. It went down by about 1.5%, all the way down to 2.1%, which is the Fed's target," he said. "So to have high growth with low inflation and also high income growth, personal income growth was 3%, that's just like about a sweet spot for a GDP release."
That's the case throughout the country. Everywhere, sellers are having to drop prices - like you said, even multiple times.
Hassett did his job .....good boy. Definitely worth a head pat.Really good news today with this release. Hassett summed it up well.
"It's really one of the best GDP announcements or releases that you can imagine because there's blockbuster growth way above expectation, and there's also a real, real, almost collapse in inflation. It went down by about 1.5%, all the way down to 2.1%, which is the Fed's target," he said. "So to have high growth with low inflation and also high income growth, personal income growth was 3%, that's just like about a sweet spot for a GDP release."
The current inflation rate is just over 2%.A number of pinheads, Trump among them, don't get that the inflation rate increased, rather than decreased, last measured. The goal is 2 percent, but it continues to be too high. Trump is demanding the lowering of rates, which will almost certainly return us to a path of more inflation.
Of course, his demand is purely political. He is afraid his policies will reduce growth (as they will) and is willing to avoid that perception by restarting inflationary growth. The Feds, rightly, want to see inflation tamed before they pursue such policies.
According to lord this just pennies and doesnt matter.The real price increases are in goods most likely to be affected by tariffs.
he is "suffocating growth" but the trump administration just celebrated the great growth this quarter? lol.The current inflation rate is just over 2%.
If Powell intends to suffocate manufacturing and business growth, he's doing the right thing by keeping the prime rate high.
There's no reason for the Fed to keep the prime rate high.
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