Remember when liberal media and Democrats first warned that Donald Trump’s monetary policies would cause financial chaos? How many days have they been found false? They’ve been proven false after more, but I haven’t been keeping track.
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This doesn’t come as a surprise to anyone. We had one of the strongest economy in our country’s past when Trump was president from 2017 to 2021, up until COVID hit. The progressive media spent four years attempting to persuade us that Joe Biden and Kamala Harris were deserved breaks for Trump’s financial success, before moving on to say that Joe Biden and Kamala Harris should be given credit for the post-COVID treatment.
The public’s most recent strategy was to persuade the public that Trump’s tariffs would cause prices to rise and plunge us into recession. Yet the liberal internet has had to acknowledge that this isn’t actually happening.
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According to Politico, “prices climbed at an unexpectedly slow speed last month, giving a boost to President Donald Trump, whose violent trade guidelines have sparked concerns about a rise in inflation,” Pricing increased at a rate of 2.3 percent annually, according to the Labor Department’s report on Tuesday, marking the smallest boost since 2021. Although the price growth in the so-called” key sectors of the economy” continued to rise at 2.8 %, the Consumer Price Index from April 2014 contained only limited evidence that Trump’s taxes have actually increased the cost of living.
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Fed Governor Adriana Kugler stated on Monday that she anticipates inflation to rise and progress to slow down despite the administration’s momentary deregulation of trade with China, despite the fact that the administration’s new import taxes are also “pretty higher” and have fallen since then.
That hasn’t occurred so much.
Some economists had anticipated that the pace of inflation nevertheless increased last month. However, there was widespread apprehension that Trump’s taxes on certain American and Hispanic products, including steel and aluminum, had increased prices for clothing, electronics, and other consumer goods. If anything, the reverse happened: Both the cost of new cars and clothing decreased significantly while the cost of new cars decreased significantly. These were both very sensitive to Trump’s first levies.
Prices also experienced its lowest levels since 2021. It definitely hurt CNN to document that. And keep in mind that crisis professionals claimed that this year was the only one that was happening. JP Morgan is no longer making forecasts for it.
Politico, of training, lamented how this will encourage Trump in addition to being disappointed that the negative economic projections didn’t work out.
The paper slammed,” The CPI statement will assuredly support the president’s claims that terrible forecasts for the economy have been exaggerated.”  ,
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Trump has also urged Jerome Powell to lower interest rates, which the report may intensify. Powell and another Fed politicians have warned that the main bank needs to keep prices at bay because the rapid rise in transfer fees could quickly cause consumer prices to rise.
And many academics also anticipate a rise in inflation in the upcoming months. The private consumption expenditures index, the Fed’s recommended inflation gauge, is expected to increase by 3 percent by the end of the year, according to analysts at Citi. Although that is lower than their previous forecast for 3.5 % inflation, it still is significantly above the Fed’s annual target of 2 percent.
The anti-Trump financial tales have fully crumbled, not only broken down.  ,
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