Inflation remains stubbornly high for many Americans. Could it get worse under Trump?
1 day, 11 hours ago

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?

NPR  

Inflation remains stubbornly high for many Americans. toggle caption Robyn Beck/AFP via Getty Images Inflation has been an economic scourge for many Americans under President Biden — and it could remain a continued problem under Donald Trump. Sponsor Message And now, economists worry inflation could get worse under Trump. toggle caption Andrew Harnik/Getty Images/Getty Images North America Why Trump could make inflation worse There's another major reason some Fed policymakers are hesitant to cut rates: Donald Trump. Anger over inflation was a big reason why many Americans voted for Trump last year — but some of Trump's economic policies could make inflation worse.

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History of this topic

Top Fed official backs more rate cuts even if Trump tariffs materialize
1 week ago

Top Fed official backs more rate cuts even if Trump tariffs materialize

Associated Press  

WASHINGTON — A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration. Christopher Waller, an influential member of the Fed’s board of governors, said he expects inflation will move closer to the Fed’s 2% target in the …

The good, the bad and the uncertainty of the US economy under a Trump presidency
2 weeks ago

The good, the bad and the uncertainty of the US economy under a Trump presidency

Live Mint  

What impact will the next US administration have on economic growth and inflation? The answer isn’t clear, because while some of President-elect Donald Trump’s proposed policies would boost growth and reduce inflation over time, while others will have the opposite effect. On the positive side of the ledger, Trump will be pro-business overall, and this fact alone could stimulate economic …

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist
2 weeks, 6 days ago

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist

Raw Story  

Americans are starting to wise up to the harsh reality that President-elect Donald Trump has no plan – and never did – to cut prices and bury inflation woes, according to a Washington Post columnist. And that could result in an expensive four years for consumers – many of whom fearing high prices are already stocking up on goods, Catherine …

Americans may have to actually brace for stagflation with Trump tariffs
4 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 …

Inflation increases against backdrop of higher tariffs
1 month ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

Inflation increases against backdrop of higher tariffs
1 month ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

Inflation is stuck. Can Trump unstick it?
1 month 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 …

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
1 month ago

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report

Raw Story  

New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned. While the consumer price index increased 2.7 percent in November from 2023, it was also larger than September's 2.4 percent rise, The Washington Post reported. "While Trump criticized President Joe Biden’s …

US inflation rose for second straight month: What are the challenges for Trump now?
1 month 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, 2 weeks 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 …

We're Economists. Here's What We Really Think Of Trump's Plan To 'Lower' Grocery Prices.
2 months ago

We're Economists. Here's What We Really Think Of Trump's Plan To 'Lower' Grocery Prices.

Huff Post  

SOPA Images via Getty Images Graffiti by the Portuguese artist Kilos depicts Donald Trump with a banana in his mouth. Dietrich Vollrath, professor and chair of economics at the University of Houston, told HuffPost that if the tariff on foreign products is 20% or more, “grocery prices will be demonstrably and persistently higher.” “If Trump signs an executive order mandating …

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist
Trending News
2 months 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 …

US inflation may have picked up in October after months of easing
Trending News
2 months ago

US inflation may have picked up in October after months of easing

Associated Press  

WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal …

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

Voter frustration with rising prices had a major impact on the election
2 months, 1 week ago

Voter frustration with rising prices had a major impact on the election

NPR  

Voter frustration with rising prices had a major impact on the election We look at the impact of inflation on the outcome of the presidential elections this week. Maziar Minovi, who heads the Eurasia Group, has studied dozens of elections going back decades and found whenever there's a sustained period of high inflation, voters are twice as likely to lose …

Trump enters just as the Fed is shifting its focus
2 months, 1 week ago

Trump enters just as the Fed is shifting its focus

Live Mint  

With its second consecutive interest-rate cut this year, the Federal Reserve is attempting to boost the odds of a soft landing. Alternatively, any resurgence in inflation could force the Fed to stop cutting rates, raising the odds that the economy faces a hard landing later in Trump’s term. Due in part to the Fed cutting rates with a solid economy, …

Inflation versus wages: Trump’s stunning comeback explained in two charts
2 months, 1 week 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 …

Why inflation could rise and interest rates remain elevated under a Trump presidency
2 months, 1 week ago

Why inflation could rise and interest rates remain elevated under a Trump presidency

CNN  

London CNN — Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike tariffs on all imported goods. Trump’s proposed economic policies — including deporting immigrants, across-the-board tariffs and increased political influence on the Fed …

Investors are betting that Donald Trump will boost the dollar
2 months, 1 week ago

Investors are betting that Donald Trump will boost the dollar

Live Mint  

Political risk—the notion that an election might have a meaningful impact on financial markets—used to be something that was the concern of emerging-market investors. View Full Image Graphic: The Economist The trade is based on the idea that a second Trump administration would be positive for American stocks, bad-but-not-terrible for Treasuries and great for the dollar. They also believe that …

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins
2 months, 2 weeks 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 …

A 'Trump economy' robs from the American people to enrich the elite
2 months, 3 weeks ago

A 'Trump economy' robs from the American people to enrich the elite

LA Times  

If Donald Trump retakes the White House, he would resume serving billionaires such as Vladimir Putin. Believing Donald Trump will be better for the economy than Vice President Kamala Harris is like thinking you’re a dinner guest when you’re actually the main course. When Trump slashed the corporate tax rate, his Council of Economic Advisers promised American workers would see …

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
2 months, 4 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
3 months 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
3 months 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, 3 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 …

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation
3 months, 4 weeks ago

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation

India TV News  

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges …

Inflation has slowed, but the economy remains big issue for voters in picking a president
4 months ago

Inflation has slowed, but the economy remains big issue for voters in picking a president

Raw Story  

Inflation hit a three-year low last month, just as the presidential election is heating up. Trump, the former president and Republican nominee, blamed the Biden administration for high prices early on Tuesday’s debate in Philadelphia, falsely claiming the post-pandemic wave of inflation is the worst ever. Democratic nominee andVice President Harris responded to Tuesday’s question about the economy by touting …

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers
4 months, 3 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 …

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow
5 months, 4 weeks ago

Ex-regional Fed president: Inflation headed lower, with interest rates likely to follow

Associated Press  

WASHINGTON — Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president of the Cleveland Fed for a decade until her retirement on June 30. During most of her years on the Fed’s interest-rate-setting committee, Mester was likely to favor relatively higher interest rates to contain inflation. Yet in a recent interview Mester reiterated …

Growth, inflation, jobs: Biden and Trump’s economic records compared
6 months, 2 weeks ago

Growth, inflation, jobs: Biden and Trump’s economic records compared

Al Jazeera  

US voters view the economy as their number one priority ahead of November’s presidential election. United States President Joe Biden and former US President Donald Trump’s first debate of the 2024 campaign has refocused attention on their respective economic records in office. Inflation Biden’s tenure has been marked by far higher inflation compared with Trump’s – although many of the …

'Trump inflation bomb' coming should he win second term: Nobel Prize-winning economists
6 months, 3 weeks ago

'Trump inflation bomb' coming should he win second term: Nobel Prize-winning economists

Raw Story  

16 Nobel Prize-winning economists have warned that former President Donald Trump's second-term agenda could create what Axios is describing as an "inflation bomb" that would rock the global economy. In a letter, the economists argue that a combination of more tax cuts for corporations, a labor shortage caused by the mass deportation of undocumented immigrants, and looser monetary policy in …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
7 months ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

US inflation eased last month in the first slowdown of 2024
8 months 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% …

High inflation is pinching, 'consumers more discriminating with every dollar', McDonald's says
8 months, 2 weeks ago

High inflation is pinching, 'consumers more discriminating with every dollar', McDonald's says

Hindustan Times  

Inflation remains a pressing concern for some of America's most prominent corporations, with rising prices impacting consumers and bottom lines. McDonald’s CEO, Chris Kempczinski, highlighted the ongoing challenges faced by consumers during the company's recent earnings call, noting that elevated prices are prompting individuals to be more discerning with their spending. Other firms, including 3M and Newell Brands, have also …

As US inflation ticks back up, it could impact the presidential election
9 months ago

As US inflation ticks back up, it could impact the presidential election

Al Jazeera  

The fight against inflation is far from over and could reduce the chances of interest rate cuts for this year. Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation could remain stubbornly high. The latest inflation data as well as last week’s jobs data …

US inflation slows but remains elevated in sign that price pressures are easing only gradually
11 months ago

US inflation slows but remains elevated in sign that price pressures are easing only gradually

Associated Press  

WASHINGTON — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. At his most recent news conference, Fed Chair Jerome Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
11 months ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
1 year ago

Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting

Associated Press  

WASHINGTON — President Joe Biden can make an increasingly strong case that he’s helped fix inflation — if only he can get voters to believe him. Leading GOP lawmakers such as Rep. Jason Smith of Missouri, chairman of the House Ways and Means Committee, greeted the latest inflation numbers as evidence that voters are still suffering from high prices: “President …

The world economy will slow next year because of inflation, high rates and war, OECD says
1 year, 1 month ago

The world economy will slow next year because of inflation, high rates and war, OECD says

Associated Press  

WASHINGTON — The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. China’s “consumption growth will likely remain subdued due to increased precautionary savings, gloomier prospects for employment creation and heightened uncertainty,″ the OECD said. The world economy has endured one shock …

What’s pushing inflation down? More goods, workers and housing
1 year, 2 months 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. …

Americans continue to feel better about inflation and the economy
1 year, 5 months ago

Americans continue to feel better about inflation and the economy

CNN  

Washington, DC CNN — US consumers have been feeling a whole lot better this summer as inflation has continued to slow. Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month’s data. “Overall, the sharp rise in sentiment was …

San Francisco Fed president: ‘It’s really too early to declare victory on inflation’
1 year, 6 months ago

San Francisco Fed president: ‘It’s really too early to declare victory on inflation’

CNN  

New York CNN — Despite promising signs that inflation is abating, San Francisco Federal Reserve Bank President Mary Daly said the fight against price increases isn’t over. But she cautioned, “It’s really too early to declare victory on inflation.” The latest Consumer Price Index report published on Wednesday showed that annual inflation slowed from 4% to 3% in June, the …

Inflation stayed high last month, compounding the challenges facing the U.S. economy
1 year, 8 months ago

Inflation stayed high last month, compounding the challenges facing the U.S. economy

NPR  

Inflation stayed high last month, compounding the challenges facing the U.S. economy Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images Inflation remained stubbornly high last month after more than a year of rising interest rates. "My feeling is that there's a gradual slowdown here, but March seemed a little too good to be true," said Omair Sharif, …

US inflation slows to 6.4%, but price pressures re-emerge
1 year, 11 months ago

US inflation slows to 6.4%, but price pressures re-emerge

Associated Press  

WASHINGTON — The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowly easing. At the same time, Tuesday’s consumer price report from the government showed that inflationary pressures in the U.S. economy remain stubborn and are likely to …

US inflation slows to 6.4% but price pressures remain
1 year, 11 months ago

US inflation slows to 6.4% but price pressures remain

Al Jazeera  

The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowing. And on a monthly basis, consumer prices increased 0.5 percent from December to January, much higher than the 0.1 percent rise from November to December. Tuesday’s inflation report …

Mint Explainer: The trouble with America's 2% inflation target
1 year, 11 months ago

Mint Explainer: The trouble with America's 2% inflation target

Live Mint  

The US Federal Reserve is meeting at a time domestic inflation has ebbed, but the war against rising prices is still on. Now, the Fed will be wary of going overboard with interest rate hikes, but its relentless pursuit of a 2% inflation rate may just tip the US into a recession. If the Fed is more flexible with its …

US inflation eases grip on economy, falling for a 6th month
2 years ago

US inflation eases grip on economy, falling for a 6th month

Associated Press  

WASHINGTON — Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. December’s lower inflation reading makes it likelier that the Fed will slow its interest rate hikes in the coming months. Futures prices show …

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