Fed's Bowman: We have a more fragile labor market

GDP price Index quarter to quarter 2.0%
PPI 2.6%
CPI 2.9%

Inflation 520% since 1975, 3.28% a year on the average

GDP growth quarter to quarter 3.8% annualized

This is Trump's economy. But the left cannot accept that and calls it a "stagnating economy."
This would be a farce if it were not so important: The "stagnating economy" (wrongly) resonates with the Joe Public when it is time to make a mortgage loan payment or a car payment on a huge SUV or a pickup.

bah

trumps whore, data says jobs are good inflation rising

How can it be the current administrations fault if the numbers you quote cover 2022-2024

GDP price Index quarter to quarter 2.0%
PPI 2.6%
CPI 2.9%

Inflation 520% since 1975, 3.28% a year on the average

GDP growth quarter to quarter 3.8% annualized

the right name to be called is... "Billy you are an Idiot."

"A man reorders his identical Walmart shopping list from 2022 for 45 items.

2022: 126$
2024: 414$

The same basket of goods nearly quadrupled in price in last two years!!"

Folks, it is obvious they are lying to you. You don't have to be especially smart to realize that, perhaps especially stupid not to.

Current administration and the Fed will continue to destroy the USD and there's no doubt about it. Unless someone like Volcker shows up again in the Fed, the USD has no hope, therefore neither do the American people.

Let me share you something...

"Paul Volcker’s greatest legacy as Fed chief was breaking inflation with shockingly high interest rates, but he turned the housing market into a nightmare for both buyers and sellers.

Volcker allowed the fed funds rate, now topped out at 1.75%, to rise over 20%, and with it went the interest on home mortgages and everything else. The 30-year mortgage rate spiked into the high teens in late 1981 and continued at double digits until 1990.

“People thought they’d never buy a home again, and they did,” said Diane Swonk, chief economist at Grant Thornton. “What was amazing was the back-to-back recessions of 1981 and 1982, which he used to break the back of inflation. ... He tightened policy, and brought the economy to its knees. He flipped the switch again, and the economy powered forward in a way it hasn’t since.”

You know what Volcker knew that most of the people here and in the Fed don't?

As Greg Mannarino said: "In economics and finance there are only TWO fundamental truths. To have a strong economy you need 1. A strong currency, and 2. You need a correlating rate/interest rates high enough to make cash harder to obtain (which gives the currency its purchasing power)."

Do you folks now FINALLY understand?

"Current administration and the Fed will continue to destroy the USD and there's no doubt about it. Unless someone like Volcker shows up again in the Fed, the USD has no hope, therefore neither do the American people."
The current administration took over in Late Jan. 2025

You folks are beyond saving if you think that right and left aren't the same party. This is the only thing you took away from what I just wrote...

Less tik tok folks, and more critical thinking, please! Your attention span is terrible.

"Current administration and the Fed will continue to destroy the USD and there's no doubt about it. Unless someone like Volcker shows up again in the Fed, the USD has no hope, therefore neither do the American people."
The current administration took over in Late Jan. 2025

Dude, dollar is just fiat currency by one nation. yeah, the value of dollar currency to EUR is lower. it doesn't means or matter if lower but the key here is the other nation had invested here not on their nation or other countries. And they want more dollar. Last 4 years, they invested more on China.

My goodness. It's all just a massive house 'o cards.

Foreign "suppliers" is pretty vague, when you think about it. This is just a manipulation of facts.

The bottom line is simple. If you export to the US. You pay nothing. If you import into the US, you pay tariffs.

Not all exporters import, and of course, not all importers export. So ask yourself this....

How does this work in the real world? I'll give you 2 real world cases. Businesses that are clients of mine. Names and countries removed for privacy.

Company NZ may manufacture something in New Zealand for argument sake. They have no commercial/retail presence in the USA. So they do not have an "importer" there. Any orders that come from the USA for their goods, must be handled by either the company OR the individual "importing" the goods inside the USA.

Company NZ charges $x regardless of the USA's silly, nonsensical tariffs. The person/business importing the goods will need to dive into their own back pocket to pay Trump and Co. his cut. That ultimately means that the importer pays $x (goods) + $t(arrifs) which therefore = $i(increased prices), for someone.

Sure Company NZ may now lose some/all business because of this. Trump has just effectively inflated their prices, and diverted the increases into his own hot little hands.

Let's take example number 2.

Company AUS manufactures goods in Australia. The have retail presence (a physical store, or chain of stores) in the USA. They are impacted by the tariffs because they are the exporters and importers of their own goods. They don't really care though. They offer goods that the USA cannot make for themselves. The USA simply does not have the raw materials required. They just slug the consumer straight away. Sorry guys

Sure Company AUS may now lose some/all business because of this. Trump has just effectively, again, inflated their prices; and diverted the increases into his own hot little hands.





Now ask yourself, who really pays for all this, I mean really now?

That's easy. It's either the business (importer) and/or you, the consumer.

?? data says otherwise..

Noice.

Guys, Trump absolutely believes the fed should raise rates. He is a HUGE proponent of it. Just do it when he's not president.