Search Results: inflation

Food. Gas. Housing. Renting. Bills. Everything. Inflation and crisis. What is the real reason?

FYI: Most economists will not even begin to ascribe credit or blame to a POTUS for an economy until a minimum of 18 months after they were inauguration when they truly have control of various policy levers and not what they inherited.

FYI #2: The mandate of the Federal reserve is for "full" employment and price stability; this means unemployment below 2.5% & headline inflation at/under 2%. (Includes volatile food & energy).

The Fed is closing out 2024 with a strong economy, inflation that is fading (albeit slowly), and a resilient job marketAs the Fed began cutting rates, many thought the U. S. dollar would also start to weaken from historically strong levels. That hasn’t happened: The dollar index, which measures the U. S. currency against a basket of major trading partners, is trading close to its highest level in more than two decades.

The Federal Reserve cut interest rates for the third time in 2024, and forecast half of a percentage point worth of rate cuts next year, suggesting that officials will make two quarter point reductions. Fed officials also lowered their forecasts for unemployment in 2025, and revised their forecasts for inflation in 2025 to 2.5 percent. That’s up from 2.1 percent when they last released them in September

As the Fed began cutting rates, many thought the U. S. dollar would also start to weaken from historically strong levels. That hasn’t happened: The dollar index, which measures the U. S. currency against a basket of major trading partners, is trading close to its highest level in more than two decades.

RFK Jr.

A good discussion about subsidizing over processed foods in the USA, using food stamps to buy junk foods. In Europe, you can go to a farmers market to buy fresh produce.

Do you think if Trump/RFK Jr stop subsidizing "junk" food, label certain ingredients as dangerous, promote healthier options, and provide food stamp ability to go to farmers markets... it will be an improvement over Biden/Harris and all prior administrations?

Granted... there is a lot of work to do to re-educate people and get corporate america to produce better foods... at reasonable prices.

Even with inflation, we'd be better off eating less, but higher quality... imho.

https://www.foxnews.com/politics/gop-governor-calls-on-incoming-trump-officials-to-ban-junk-food-in-food-stamps-make-america-healthy-again?spark_wn=1#_intcmp=fnvpl_playlist_5_Fetterman_calls_NY_Trump_case_politically_motivated_on_%E2%80%98The_View%E2%80%99

POTUS-elect Donald J. Trump said on Monday that he would impose a 25% tariff on ALL products coming into the USA from Canada & Mexico his 1st day, a move that would cause chaos with North American supply chains and impose heavy costs on businesses & consumers around the continent. He further said he would levy the tariff by executive order until drugs & migrants stopped coming over the border.

“Both Mexico & Canada have the absolute right and power to easily solve this long simmering problem,” he added. “We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!”

In a separate post, Mr. Trump also threatened an additional 10% tariff on ALL products from China.

“Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through, and drugs are pouring into our Country, mostly through Mexico, at levels never seen before,” he said.

The tariffs would have dramatic implications for American industries, including auto manufacturers, farmers and food packagers, which busily ship parts, materials and finished goods across U. S. borders.

The costs could be particularly high for the industries that depend on an integrated North American market. Adding 25% to the price of imported products could make many too costly, potentially crippling trade around the continent. That in turn could cause spiking surges of inflation and shortages for consumers in the United States.

Mr. Trump made even more aggressive tariff threats during campaign, including suggesting that he would impose a levy of 60% or more on Chinese goods & tariffs of 10-20% on those from other countries.

Mexico, China & Canada are America’s 3 largest trading partners, gobbling up $830 billion of US exports in 2022.