With Trump’s Iran War affecting gas/diesel and oil prices that are almost DOUBLE from what they where when Trump took office a 2nd time?
The American Economy is NOT getting better…
It IS causing Trump and Republican Lawmakers support….
And MORE money for consumers and business….
The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran.
New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. This is raising expectations of a rate hike, even as President Trump pushes for Fed Chair Kevin Warsh to cut rates.
“There’s no guarantee that the Fed will hike next week, but it’s hard to see how the central bank can justify leaving rates on hold,” Chris Zaccarelli, chief investment officer for Northlight Asset Management, said in a statement after the consumer price index (CPI) data was released Friday.
Jai Kedia, a research fellow at the Center for Monetary and Financial Alternatives at the libertarian think tank Cato Institute, said he has been advocating for the Fed to raise rates all year but suggested the central bank has lagged behind the realities of the economy.
“This is a standard problem now with the Fed and the way it’s been doing policy over the past five or six years is that they tend to respond to economic developments way too slowly, and by the time they do so, the economic scenario has changed,” he said….
…
The CPI, a popular measure of inflation, rose 0.4 percent last month and 3.4 percent over the past 12 months, according to the Bureau of Labor Statistics (BLS). …
…
“The Republican faithful, gathered in arena hallways and hotel ballrooms during this week’s midterm convention, projected confidence they had a good story to tell on the economy,” Bloomberg reports.
“Some pointed to the steady unemployment rate and stock market growth as evidence of a new ‘Golden Age’ driven by a resilient economy and American consumer, while others argued immigration and manufacturing policies were yielding a better life for U.S. citizens.”
“Still, a latent anxiety hung over Dallas. The reality — that polls suggest voters are in fact quite anxious about the state of the economy, and preparing to punish Republicans in November’s midterm elections — has become hard for even President Donald Trump to ignore.”
Leave a Reply
You must be logged in to post a comment.