Inflation began to accelerate in June 2025. The Consumer Price Index (CPI) rose 0.3% in June, or 2.7% year-on-year. Excluding food and energy, the increase reached 2.9%. The conflict between Israel and Iran had caused a spike in oil prices. They have since remained at levels higher than they were before the military intervention. And eggs have still not returned to their pre-bird flu prices, and the pandemic continue among chicken coops.
But Donald, on his Anti-Social Truth network, finds that inflation remains very low and asks (or rather demands) the Fed to lower its key interest rate by three percent. The Fed refuses so as not to make worse further inflation.
Because don’t forget that this rinky-dink president imposed a 10% tariff on all products entering the United States, with a tariff that could rise to 25% on automobiles and auto parts and even 50% on steel and aluminum.
Everyone should expect that the national economy will soon experience a sharp slowdown in its economic activity, with higher unemployment, which, along with persistent inflation, should place it among the economies in stagflation.
The most deplorable thought about these circumtances is that it could have been avoided. Even if we consider certain tariffs against China to be legitimate, targeting them wouldn’t have caused a global inflation and slowdown.
But no ! The cowboy in the White House has been shooting in all directions since he entered the saloon, and now everyone is hiding under the tables !