In a recent post on Truth Social, former President Trump reiterated his call for the Federal Reserve to cut interest rates, arguing that consumer prices are showing no inflation. He pointed to decreasing prices in gasoline and groceries while claiming that the economy is in a 'transition stage' due to tariffs he introduced recently. However, data shows consumer prices rose 2.4% year-over-year as of March, indicating ongoing inflation challenges despite Trump's assertions. His comments follow an unexpectedly strong jobs report, but prices remain elevated compared to historical levels during his presidency.
Gasoline just broke $1.98 a Gallon, lowest in years, groceries (and eggs!) down, energy down, mortgage rates down, employment strong, and much more good news, as Billions of Dollars pour in from Tariffs.
Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!
While inflation has been cooling steadily since 2022, the rate is still higher than during most of Trump's first term, incentivizing calls for the Fed to cut rates.
Consumer prices were up 2.4% year-over-year in March, indicating that the battle against rising prices is ongoing despite claims of 'no inflation'.
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