Posted on 04/10/2025 11:08:58 AM PDT by EBH
WASHINGTON, April 10 (Reuters) - U.S. consumer prices unexpectedly fell in March amid cheaper gasoline and used motor vehicles, but the benign inflation reading is unlikely to be sustained after President Donald Trump doubled down on tariffs on imported Chinese goods.
The first monthly decline in prices in nearly five years, reported by the Labor Department on Thursday, also suggested softening demand amid heightened recession fears due to tariffs, and led financial markets to anticipate the Federal Reserve could cut interest rates by 100 basis points this year.
(Excerpt) Read more at reuters.com ...
Verses this from CBS\\
Inflation rate rose by 2.4% in March, CPI report shows. Here’s what that means.
https://www.cbsnews.com/news/cpi-report-today-march-2025-inflation-what-it-means-tariffs/
Reuters is economically retarded.
Yeah, the price of stuff on Temu is going to skyrocket. Pffft...
Okay, and WalMart, but I’m more than happy to pay more in the short term to correct this grotesque imbalance. Lot of videos coming out in rapid succession showing a lot of economic pain and disruption in China’s businesses right now.
With the help of past administrations China has, quite literally, robbed us blind and stole just about anything not nailed down. It’s time for justice.
I am more amused by the two sets of titles and perspectives presented. Reuters down, CBS up.
Uncharted waters my friends. No telling how the tariffs will work out. The left is looking for blood.
LOL. Reuters can’t give Trump a good story. They are eagerly anticipating massive inflation due to tariffs (which now likely won’t be imposed on any country other than China).
If it isn’t clear yet, so are we.
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