Tag

Inflation

All articles tagged with #inflation

politics4 hours ago•9 min saved

PolitiFact flags mixed truth in Trump's SOTU on inflation, borders and crime

PolitiFact’s fact-check of Trump’s State of the Union finds a mix of truth and exaggeration: inflation isn’t “plummeting” — it’s eased to about 2.4% year over year as of January 2026; gas prices aren’t nationwide below $2.30 a gallon; TrumpRx.gov savings are overstated. The claim that zero illegal aliens were admitted in nine months is misleading given a sharp drop in encounters and ongoing removals. There’s no solid evidence that a sea-based military campaign has halted drugs; and the 2025 murder-rate decline is likely among the largest in decades but not definitively the lowest in 125 years due to data caveats. The SNAP note refers to projected benefit losses under a work-requirements law, not an immediate universal relief.

via PBS|

#crime #gas-prices #immigration

politics7 hours ago•72 min saved

Trump’s 'golden age' rhetoric clashes with voters’ economic reality

Trump framed a nostalgic, patriotic vision of a booming economy in his address, but polling shows most Americans remain worried about inflation, wages, and job security, highlighting a gap between his narrative and the public mood.

via AP News|

#economy #inflation #politics

business9 hours ago•4 min saved

Trump's SOTU Sparks Mixed Reactions on Tariffs and a New Retirement Plan

Economists and business leaders offered a mixed read on Donald Trump's State of the Union address: while Bill Ackman praised his federally matched retirement plan as a potential bipartisan wealth-builder, critics like Paul Krugman accused the speech of distortions and warned tariff policies could worsen affordability. Ian Bremmer noted a polarized national mood, Peter Schiff cautioned inflation hasn’t truly improved under Trump, and Roger Altman argued the address was more show than a catalyst for growth, even as observers forecast modest growth and cooling inflation with tariffs possibly sticking around and AI energy costs looming.

via Business Insider|

#bill-ackman #business #inflation

business14 hours ago•43 min saved

Price Shock 2026: Everyday Purchases People Just Stopped Buying

A BuzzFeed piece aggregating Reddit responses shows many people have stopped buying pricier items in 2026 due to inflation, from steak, concert tickets, and cocktails to cars, magazines, and haircuts, illustrating a broad shift in consumer spending as costs rise and people seek to cut back.

via BuzzFeed|

#2026-trends #business #consumer-spending

politics17 hours ago•6 min saved

Fact-check: Trump’s marathon State of the Union under scrutiny

BBC Verify analyzes Trump’s 1 hour 47 minute State of the Union, finding mixed accuracy: inflation has slowed since 2022 but prices remain elevated; tariffs may have contributed to inflation; gas, beef, and egg price trends are nuanced; employment is high but the unemployment rate edged up; the claim of “more than $18 trillion” in commitments lacks publicly verifiable support; there is no evidence of rampant voter fraud; the claim of ending eight wars is misleading given the nature of several conflicts; and while Border Patrol reported zero illegal entrants released in a recent period, illegal crossings continued. Overall, the piece emphasizes putting Trump’s sweeping claims in proper context.

via BBC|

#fact-check #immigration #inflation

business23 hours ago•343 min saved

Gilded Economic Numbers, Real-World Pains Ahead of the State of the Union

CNN argues that the U.S. economy looks solid on paper—2.2% growth in 2025, a strong job market, wage gains, and inflation easing with a stock market near record highs—yet consumer confidence remains near historic lows, affordability problems in housing and child care persist, and rising delinquencies plus a widening wealth gap paint a more mixed, politically charged picture ahead of the State of the Union.

via CNN|

#business #economy #housing

politics1 day ago•22 min saved

Trump’s State of the Union draw: big audience, unclear impact

The Washington Post notes that while Trump’s State of the Union address attracted a large audience, the speech’s influence is likely muted by a fragmented, algorithm-driven media landscape and entrenched partisan positions, offering limited immediate sway over public opinion or midterm dynamics.

via The Washington Post|

#donald-trump #inflation #politics

business1 day ago•2 min saved

Goolsbee urges Fed to hold steady on rates until inflation convincingly cools

Chicago Fed President Austan Goolsbee said rate cuts aren’t appropriate until there’s clearer evidence that inflation is heading down toward the 2% target, highlighting December core inflation at 3% and persistent housing costs. He warned against front-loading cuts and stressed the need to prove inflation is on a path back to 2% before loosening policy, while markets price in a hold through mid-2025 with potential cuts later in the year.

via CNBC|

#austan-goolsbee #business #fed

economy1 day ago•6 min saved

Q4 GDP Slows as Federal Spending Drops and AI Investment Reshapes the Picture

Fourth-quarter GDP grew slower than expected as a 16.6% drop in federal spending—part of it tied to a government shutdown and allegedly caused by Elon Musk’s DOGE-related cuts—dragged overall growth, while consumption was led by healthcare spending; housing and durable goods weakened, and non-residential investment was mixed with AI-related equipment up but other areas soft. Inflation remained stubborn at about 2.9% PCE, complicating Fed policy, and uncertainty remains over tariff policy after a court ruling and the future of the AI-driven investment boom.

via Counterpunch|

#ai-boom #economy #elon-musk

politics2 days ago•4 min saved

Ontario’s Ford Says Trump Tariffs Risk Inflation, Prefers No Deal Over a Bad Deal

Ontario Premier Doug Ford warned that U.S. tariffs are inflating costs and threatening Canada’s economy, saying 'no deal is better than a bad deal' with Trump as the Supreme Court curbs the tariffs and the 2026 U.S. midterms loom, urging caution in any future trade talks.

via AP News|

#ford #inflation #politics

economy2 days ago•2 min saved

Mortgage rates slip under 6% to fresh 2022 low, fueling refi surge

The average 30-year fixed mortgage fell to 5.99%, tying the lowest level since 2022 and helping refinancing applications surge about 130% year over year. Lower rates could widen loan eligibility and bolster spring homebuying, with a $400,000 home at 20% down costing about $1,916 per month in principal and interest vs. $2,105 a year ago.

via CNBC|

#bond-market #economy #housing-market

economy2 days ago•3 min saved

Weak Yen Spurs BoJ March Rate Move, Says Former Policymaker

Former BOJ board member Makoto Sakurai says the central bank could raise rates as soon as March if the yen slides, with a potential 25 basis-point hike and possibly another in 2026–27 to push the policy rate toward 1.75%. He warns faster tightening could strain banks, though inflation remains above target and wage growth could justify action. Economists expect about 1% by end-June, and the next policy meetings are March 18–19 and April 27–28.

via Reuters|

#boj #economy #inflation

economy2 days ago•14 min saved

Waller Warns of Mixed Labor Signals as Fed Weighs March Move

Fed Governor Christopher Waller says January’s strong payrolls may be noise in a year that already showed weak job creation in 2025; underlying inflation sits near the 2% goal once tariff effects are stripped out, with tariffs likely having only a temporary impact. GDP is expected to grow above 2% in early 2026, but the next February data will determine whether the Fed holds rates or cuts 25 basis points at the March meeting, amid tariff uncertainty and a Supreme Court ruling that could influence near‑term prices.

via Federal Reserve Board (.gov)|

#economy #federal-reserve #inflation

business3 days ago•4 min saved

Tariff gamble could clip the wings of Trump's rate-cut hopes

Trump's escalation of global tariffs to 15% risks higher import prices and inflation, complicating the Fed's trajectory under Warsh and potentially denting his own hopes for substantial rate cuts.

via The Guardian|

#business #fed #inflation

business3 days ago•3 min saved

Brookings: Trump's policies haven't sparked recession or high inflation—so far

Brookings argues that the feared outcomes from Trump-era policies haven’t materialized: economists may have overstated negative effects, tariffs have been less pass-through to consumers, and offsetting boosts from the One Big Beautiful Bill Act and AI spending helped keep unemployment low and consumer spending solid. The full impact of immigration changes and tariffs may still unfold over time, and broader policy effects remain uncertain.

via Business Insider|

#brookings #business #immigration