XPost: alt.fan.rush-limbaugh, alt.society.liberalism, alt.atheism
XPost: alt.fun, alt.politics.democrats.d
More Americans are starting to brace for higher prices as Trump’s policies begin
to take effect.
By Colby Smith and Ben Casselman
Feb. 25, 2025 | Updated 10:36 a.m. ET
Fresh off the worst inflation shock in decades, Americans are once again bracing
for higher prices.
Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, does not suggest that price pressures are
perceived to be on the verge of spiraling out of control.
But the recent jump has been significant enough to warrant attention, stoking yet more uncertainty about an economic outlook already clouded by President Trump’s ever-evolving approach to trade, immigration, taxation and other policy
areas. On Tuesday, a survey from the Conference Board showed that consumer confidence fell sharply in February and inflation expectations rose as Americans
fretted about the surging price of eggs and the potential impact of tariffs.
If those worries persist, it could be a political problem for Mr. Trump, whose promise to control prices was a central part of his message during last year’s
campaign. It would also add to the challenge facing policymakers at the Fed, who
are already concerned that progress against inflation is stalling out.
https://www.nytimes.com/2025/02/25/business/inflation-fed-trump.html
Trump lied. He said he was going to lower prices, and the stupid knuckle-dragging Trumpswabs believed him.
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)