Again. From Politico today,
Trump tariffs have little impact on prices so far, defying grim forecasts.
Huh. Politico elaborates,
Prices climbed at an unexpectedly slow pace last month, offering a boost to President Donald Trump, whose aggressive trade policies have sparked fears of a resurgence in inflation.
The Labor Department on Tuesday reported that prices rose at an annual rate of 2.3 percent, the smallest increase since early 2021.
The stock market (S&P 500 index) continued upward today. It’s up year to date (Since January 1). It remains a tiny bit below the level the market closed immediately before Pres. Trump took office (January 17). For reasons I cannot fathom, some insist on crediting the outgoing, senile Joe Biden for that early-January runup in equity prices.
Rassmussen has Trump’s approval rating continuing to improve.
Your mileage may vary.
