Price growth ticked up in November as inflation progress stalls
www.nbcnews.com
Economists generally believe that Donald Trump’s tariffs and deportations plan will prove inflationary and subsequently bad for growth.

Summary

U.S. inflation appears stuck at moderate levels, with November’s consumer price index expected to show little progress in reducing core inflation.

Persistent rent, car prices, and insurance premiums are contributing factors, complicating the Federal Reserve’s goal of lowering inflation without slowing the economy.

Trump’s proposed tariffs and deportation plans are expected to be inflationary, adding uncertainty to the economic outlook.

While wealthier Americans benefit from rising asset values, less well-off consumers face greater financial strain.

  • ReallyActuallyFrankenstein@lemmynsfw.comEnglish
    10·
    16 days ago

    I’m not an economist, but why wouldn’t Trump just again strong-arm the Fed into cutting interest rates to artificially juice the economy and make it appear successful again (nevermind the inevitable bill to pay later)?

    • Asafum@feddit.nl
      8·
      16 days ago

      Pretty sure he wants to. I remember some talk of him wanting to change Fed leadership to allow more influence from his decisions.

      Dear leader wants North Korea in America, but wants to call it freedumb.

      • Omnifarious@lemmy.worldEnglish
        3·
        16 days ago

        Unless I’m mistaken I believe he is leaving current leadership there in place. However the seat will open in 2026 so 🤷‍♂️