Trump, Inflation and Consumer Price Index
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24/7 Wall St. on MSN1 in 5 Americans Are Stockpiling Due to Inflation Concerns. Should You?Inflation continues to shape how Americans shop, save, and spend. Even as overall prices cool slightly, everyday essentials remain costly. That reality is pushing more people to prepare for the future by stockpiling goods—just in case.
Inflation moved up in June, due partially to businesses passing tariff costs onto consumers. Despite the uptick, President Trump is on the warpath for the Federal Reserve to cut interest rates, a move that would stimulate markets and investment,
Still, US inflation climbed from 2.4% to 2.7%, and it is expected to rise further into the end of the year. Inflation hedges such as gold and bitcoin have rallied, and the US dollar is also strengthening on expectations of a cautious Fed cutting cycle.
5don MSN
Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.
Inflation has eased since Trump took office, meaning prices have risen at a slower pace than they had been at the end of the Biden administration. Consumer prices increased 2.4% in May compared to a year earlier, hovering near the lowest inflation since 2021.
It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is likely to be even tougher.
In Nov. 2024, our CIOs met to consider upcoming year and to prepare for challenges and opportunities of 2025, identifying key themes they expected to see play out in markets and economy.