Inflation is stuck. Can Trump unstick it?
4 weeks ago

Inflation is stuck. Can Trump unstick it?

Live Mint  

Inflation played a starring role in last month’s election, and part of Donald Trump ’s pitch was that he would cool things off. In his nomination-acceptance speech at the Republican National Convention in July, Trump said he would “end the devastating inflation crisis immediately." Many of the measures that economists might prescribe to reduce inflation, such as increasing innovation, reducing regulatory burdens or boosting the U.S. workforce’s skills, would take years, if not decades, to bear fruit. One is that there has been a degree of “catch-up inflation" in the recent data, such as car insurers that get regulatory approval to raise rates to offset higher costs. The general view among economists on inflation is that, absent any big changes to government policy, “We’re just on some kind of glide path back to something in the ballpark of where we were before," said Emi Nakamura, an economist at the University of California, Berkeley.

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History of this topic

Americans may have to actually brace for stagflation with Trump tariffs
3 weeks, 2 days ago

Americans may have to actually brace for stagflation with Trump tariffs

CNN  

New York CNN — Jamie Dimon, head of America’s largest bank, JPMorgan Chase — and commonly referred to as the ‘president of Wall Street’ — spent much of this past year warning that there’s an elevated risk that the US experiences 1970s-esque stagflation, which is when economic growth stagnates while inflation heats up. His prediction, however, has been pooh-poohed by …

US inflation rose for second straight month: What are the challenges for Trump now?
4 weeks, 1 day ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

Trump has a problem: America's economy is growing but so is its inflation
1 month, 1 week ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist
Trending News
1 month, 3 weeks ago

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist

Raw Story  

New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock." In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact …

Fed up with high prices? Here's where things stand with inflation
1 month, 3 weeks ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
1 month, 3 weeks ago

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns

CNN  

New York CNN — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. “President …

Soaring inflation helped lead Trump to victory – here’s why some of his policies might drive prices higher again
1 month, 4 weeks ago

Soaring inflation helped lead Trump to victory – here’s why some of his policies might drive prices higher again

New Indian Express  

President-elect Donald Trump owes his political comeback in large part to voters’ concerns over the soaring price of everything from gasoline and housing to coffee and bagels. But in an ironic twist, some of Trump’s own policies – which he heavily promoted on the campaign trail – could send inflation soaring once more if enacted. Stagnant real wages Exit poll …

Inflation versus wages: Trump’s stunning comeback explained in two charts
2 months ago

Inflation versus wages: Trump’s stunning comeback explained in two charts

Al Jazeera  

The rise in prices under the Biden administration proved fatal to Kamala Harris’s election hopes. In exit polls, 45 percent of voters said they were worse off than four years ago, when President Joe Biden took office, versus just 24 percent who said their financial situation had improved. Voters who named inflation as their number one concern broke for Trump …

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins
2 months, 1 week ago

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins

Daily Mail  

Conservative-leaning economists are warning that Donald Trump's policies could trigger a new surge in inflation. Both Trump and Vice President Kamala Harris have put forward policies that they claim will keep inflation under control, while boosting growth for the US economy. Conservative-leaning economists are warning that Donald Trump's policies could cause a spike in inflation A second Trump term would …

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
2 months, 3 weeks ago

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn

Huff Post  

LOADING ERROR LOADING WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sixteen Nobel Prize-winning economists signed …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

New Indian Express  

WASHINGTON: With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely." Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump's proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target. Last month, the Peterson …

Trump’s promises would spike inflation and wipe out jobs, study finds
3 months, 2 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers
4 months, 2 weeks ago

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers

Salon  

Donald Trump told voters during a speech last week that he would bring prices back to pre-COVID levels if elected, drawing heavy skepticism from economists who have studied his proposals. Related A survey of economists found most believe inflation would get worse under Trump He explained that Trump isn’t trying to slow the rate of inflation by increasing prices at …

US inflation eased last month in the first slowdown of 2024
7 months, 3 weeks ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

What’s pushing inflation down? More goods, workers and housing
1 year, 1 month ago

What’s pushing inflation down? More goods, workers and housing

Associated Press  

WASHINGTON — Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rate hikes by the Federal Reserve. Overall inflation didn’t rise from September to October, the first time that consumer prices collectively haven’t budged from one month to another in more than a year. …

How high is inflation and what causes it? What to know
2 years, 4 months ago

How high is inflation and what causes it? What to know

Live Mint  

U.S. inflation eased slightly to 8.5% in July, but remained close to a four-decade high despite cooling energy prices. Higher prices in one sector also don’t necessarily lead to general inflation across the economy. The readings, however, show that price increases are widespread and well above policy makers’ targets for annual inflation, which hover around 2% on average. Entrenched inflation …

President Biden doesn’t have a silver bullet for inflation
2 years, 7 months ago

President Biden doesn’t have a silver bullet for inflation

CNN  

New York CNN Business — I can’t remember a more difficult, complicated set of factors at play all at once in the economy – with no road map. Morgan Stanley put it this way on Sunday: “We live in the most chaotic, hard-to-predict macroeconomic times in decades.” You can see it in the punishing sell-off this year in stocks: The …

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