Posted on 04/10/2025 6:33:42 AM PDT by ChicagoConservative27
U.S. consumer prices fell in March, pushed down by a decline in the price of goods and defying predictions that President Trump’s tariff plans would push up prices. This was the first drop in consumer prices in nearly three years and only the second decline since inflation accelerated under Joe Biden to the worst rates in decades.
The consumer price index fell by 0.1 percent compared with the previous month after climbing each month since July 2022. Economists had forecast prices would rise by 0.1 percent.
Core consumer prices, a measure that excludes volatile food and energy prices, rose by 0.1 percent, far less than the 0.3 percent expected. This was the smallest rise in core prices since President Trump’s first term as president.
The fall in prices marks a significant political victory for Donald Trump, who said on the campaign trail that he would bring down consumer prices.
“Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods,” Trump said.
(Excerpt) Read more at breitbart.com ...
If Trump keeps cutting government spending, inflation will go down. The government is so large these days that government spending is a massive cause of inflation. And its reduction eliminates inflation.
The US effectively had significant tariffs until the 1980s due to the cost of shipping from overseas. We did quite then...
Keep your eyes on the ten-year Treasury.
BREAKING: Fed Preps $2T Bailout as Hedge Fund Trade Implodes
Pure fantasy.
In fiscal year 2024, US federal government spending amounted to approximately 23% of the nation’s gross domestic product (GDP), totaling $6.75 trillion.
Government spending (federal, state and local) in the United States was last recorded at 34.4 percent of GDP in 2023.
Keep your eyes on the ten-year Treasury.
******************
39 billion in 10 year notes were auctioned yesterday.
Demand was great.
Today 22 billion in 30 year bonds will be auctioned.
I’ve noticed prices coming down at my (only) local grocery store, with lots of “manager’s specials.” It’ll be interesting to see how the China tariffs affect the local Walmart and dollar stores.
One point does not make a trend. All this stuff is going to take time.
Maybe.
All I know is that my IRAs dropped 1 1/2% in the first quarter.
2% drop since the close of 3Q 2024.
The new Hard Left narrative will be...
We were already in a Recession.
It started 20 January 2025.
Better yet, the 28 Day Treasury.
It has been stuck on 4.3% since early December 2024.
So it is all about you.
I hate BS articles like this regardless of the source.
NO TARIFF HAS BEEN IMPLEMENTED YET!
Is it too difficult to understand that?
Maybe you need to review your portfolio again.
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