Price growth ticked up in November as inflation progress stalls
www.nbcnews.com
Economists generally believe that Donald Trump’s tariffs and deportations plan will prove inflationary and subsequently bad for growth.

Summary

U.S. inflation appears stuck at moderate levels, with November’s consumer price index expected to show little progress in reducing core inflation.

Persistent rent, car prices, and insurance premiums are contributing factors, complicating the Federal Reserve’s goal of lowering inflation without slowing the economy.

Trump’s proposed tariffs and deportation plans are expected to be inflationary, adding uncertainty to the economic outlook.

While wealthier Americans benefit from rising asset values, less well-off consumers face greater financial strain.

  • CharlesDarwin@lemmy.worldEnglish
    15·
    16 days ago

    Yeah, just wait until donvict adds some more taxes on top of the “inflation”. Taxes from his tariffs - which are straight up taxes. And the inherent tax that will come from his deportation plans.

    All of this will be something that hits the poor and middle class. Meanwhile, I’m sure more giveaways are planned for the broligarchs that surround donvict. As opposed to what should be happening, which is taxing anyone with assets above a billion such that they are “merely” millionaires.