Be aware, even by the Fed’s statistics, the U.S. dollar has lost some twenty percent of it’s purchasing power since the Covid scam and will continue to.
Wholesale Imflation, even.
The 2.5% is a Theft target. The way they talk about 2% or 2.5% is to normalize it, build theft into the system. This is how "magical money computers" can work.
To get zero inflation, need to return to PM-based financial system, and expose and end fractional reserve bankstering.
Problem is, the US has always struggled. Sound money proponents in a financial war with "inflationists", those that prefer Elastic money. The latter has been winning, as now we are almost all fiat.
The Fed is in a rate trap due to the high national debt. They can’t hold rates high for long without causing a huge cost to service the debt, but every time they lower rates they cause a new asset bubble. Our boom/bust cycles are shorter and sharper these days and we are getting to a point where there is no happy medium.
All there is left is to await financial collapse so we can start all over again. Of course, the transition will be hell. I just hope and pray that transition comes after I am dead and buried.
Then there’s this...
U.S. PPI flatlines, undershooting forecasts and signalling potential inflation slowdown
The increase in inflation was .1% more than the projection
Anti tariff panicans are calling this a surge
The decrease in core inflation was .1% below the projection
Car prices actually declined a bit
This is being ignored
Powell may choose to resist Trumps tariff strategy all he chooses ( costing US taxpayers hundreds of billiions in debt refi costs) but Trump’s tariff revenue is rolling into the Treasury at about $120 Billion thus far, with projected double or triple that for this year
and major tariff deals have yet to start. In last week Trump announced deals with Vietnam and Indonesia that tariff their imports into the US while giving America tariff-free markets into their countries.
Indonesia is buying 50 Boeing jets. That’s investment in US manufacturing, and jobs.
Trump just announced that they are putting across the board 10% tariffs on imports from the less developed countries, which is mainly raw materials or food. Maybe some textiles. What does that have to do with reshoring manufacturing or so called “fair trade”? Nothing. But it will cause prices to go up. Trump’s tariff strategy does not make total sense to me.