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The Economy

ChloeTzang said:
Either he's deliberately lying or the man still has literally no idea how tariffs work. Literally none of the money is coming from outside the United States and literally all of it will ultimately be paid by the American middle class

I really wish I knew how many Americans are stupid enough to fall for this scam. NOTHING is flowing INTO the USA. It's just an added tax on Americans.

View attachment 2557295
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You can look no farther than some of the posters on this and a few other threads on lit. They are consistent in misunderstanding how tariffs work.
 
MajorRewrite said:
Michelle Bowman, appointed by Trump to the Fed, thinks Trump’s economy may be a disaster and wants rapid rate cuts.

Fed's Bowman makes case for 3 interest rate cuts in 2025 after voting against July hold
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From the article:

Bowman noted job growth has slowed sharply to just 35,000 new jobs added to the economy per month over the past three months, indicating a "significant softening" in demand for labor. If demand in the economy continues to weaken, Bowman is concerned businesses may begin to accelerate layoffs.

At the same time, Bowman said that she believes increases in prices from tariffs are likely to have a one-time effect, an impact the central bank can look through.

"Because changes in monetary policy take time to work their way through the economy, it is appropriate to look through temporarily elevated inflation readings and therefore remove some policy restraint to avoid weakening in the labor market," Bowman said.

🤔

So that MAGAt Fed member is saying the 35,000 new jobs number is right??? (DonOld will NOT be pleased…)

And that MAGAt Fed member is saying that INCREASED tariffs will result in a TEMPORARY rise in inflation??? (What were her qualifications for the Fed???)

🤔 😳 😑 🤬

The economy (domestic & global) under DonOld & the MAGAt republicans’ policies is crashing like the Hindenburg.

👎

We. Told. Them. So.

🌷
 
And the worry is that Trump’s tariffs could push inflation higher. Which is very likely.

That in turn is raising fears about a potential, worst-case scenario of stagflation, where the economy stagnates but inflation remains high.
 
Core inflation continues to rise, despite what some try to spin.

Inflation rises by most in six months, stoking tariff-driven price concerns

Annual core prices rose 3.1% year over year in July, up from June’s 2.9% increase, signaling that rising goods inflation is no longer being offset by easing services inflation. Core services prices also firmed, with shelter rising 0.2% for the second consecutive month, while transportation services and medical care services each climbed 0.8%, up from respective gains of 0.2% and 0.6% in June.
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Pad_Foot said:
After September we should see tariffs effects EXCEPT on China and Mexico?? Which other countries got the TACO effect??
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There are lots of nuances to each country but the rates are gravitating around 15%. Pre-🌮 tariffs averaged 2.3%. Since April, post-🌮 tariffs are averaging about 5 times that amount.
 
FACTS EXPOSE BLS INCOMPETENCE: Leave it to Issues & Insights (I&I) to dig deep into the historical data to compile an accurate long-term picture of the record of the Bureau of Labor Statistics (BLS). It turns out that BLS incompetence is no new thing.

“In the 199 months we examined, the BLS’s initial estimate of jobs gained or lost missed the mark by an average of 49.6 percent! Only 15 times did its initial estimate come within 3 percent of being right. (Given the huge sample size, you’d think its margin of error would consistently be tiny.)

“Some months, the miss was staggering. In August 2011, to cite one example, the BLS said no new jobs had been created. Zero. Turns out, 132,000 were created that month. In September 2017, it first said that the economy lost 33,000 jobs – which made big news because, as Politico put it at the time, it was ‘the first time in seven years’ that had happened.

“In fact, the economy had created 88,000 jobs that month. In January 2021 – the last month of Trump’s first term – the BLS initially reported that the economy had added a mere 49,000 jobs. The actual number was 365,000.”
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President Donald Trump has named Heritage Foundation Chief Economist E.J. Antoni to be the new BLS Director. He’s going to be one very busy man.
 
Inflation

Published August 12, 2025 8:33am EDT

Inflation cools slightly in July from prior month​

Bureau of Labor Statistics releases closely watched July inflation data​


Inflation increased in July and moved further away from the Federal Reserve's target rate as central bank policymakers assess the health of the economy amid the president's calls for interest rate cuts.

The Bureau of Labor Statistics on Tuesday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% in July compared with last month, while it was up 2.7% from a year ago.

The monthly figure was in line with the estimate of economists polled by LSEG, while headline was slightly cooler than the 2.8% expected.

So-called core prices, which exclude volatile measurements of gasoline and food to better assess price growth trends, were up 0.3% from the prior month and 3.1% from a year ago. The annual core figure was hotter than economists' expectations of 3%, while the monthly figure was in line with the estimate.

https://www.foxbusiness.com/economy/cpi-inflation-july-2025
 
Rightguide said:
core prices, which exclude volatile measurements of gasoline and food to better assess price growth trends, were up 0.3% from the prior month and 3.1% from a year ago.
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Core inflation is over 3% for the first time in a while, and it’s heading in the wrong direction.

Trump effect.
 
MajorRewrite said:
Core inflation continues to rise, despite what some try to spin.

Inflation rises by most in six months, stoking tariff-driven price concerns
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Secretary Bessent’s comment is accurate.

Groceries and gas prices are holding steady. Even car prices haven’t risen much. The CFO of Ford expects industry average annual price increases to hold at around 1% through the end of the year.

Electricity, car and homeowners insurance, healthcare, restaurants, entertainment and services, all of which are a part of the core inflation index, are different story. They’re rising at a much faster rate, but mostly for reasons unrelated to imported goods.
 
BabyBoomer50s said:
Secretary Bessent’s comment is accurate.

Groceries and gas prices are holding steady. Even car prices haven’t risen much. The CFO of Ford expects industry average annual price increases to hold at around 1% through the end of the year.

Electricity, car and homeowners insurance, healthcare, restaurants, entertainment and services, all of which are a part of the core inflation index, are different story. They’re rising at a much faster rate, but mostly for reasons unrelated to imported goods.
Click to expand...

The core inflation rate is now 3.1%. 👍
 
BabyBoomer50s said:
Secretary Bessent’s comment is accurate.

Groceries and gas prices are holding steady. Even car prices haven’t risen much. The CFO of Ford expects industry average annual price increases to hold at around 1% through the end of the year.

Electricity, car and homeowners insurance, healthcare, restaurants, entertainment and services, all of which are a part of the core inflation index, are different story. They’re rising at a much faster rate, but mostly for reasons unrelated to imported goods.
Click to expand...

🙄

I can’t decide if BabyBoobs (an ignorant, gaslighting POS MAGAt) is being ignorant or consciously gaslighting with that comment???

🤔

Probably a little of both…

😑

👉 BabyBoobs 🤣

🇺🇸

We. Told. Them. So.

🌷
 
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