The PCE hit its highest level in December 2024 since April 2024: Personal Consumption Expenditures Price Index | U.S. Bureau of Economic Analysis (BEA) Personal Income and Outlays, December 2024 | U.S. Bureau of Economic Analysis (BEA) The PCE rose to 2.6% while the Core PCE rose to 2.8%. So, those 4 planned on rate decreases for 2025 went down the garbage shoot. Predicting 2 at this point is meaningless speculation. No, this BS didn't happen under President-Elect Trump. This is all on the dems as it has been for the entirety of the Biden Administration. I hate being right, but I warned all here that the premature rate cuts would lead to the reignition of inflation. The Feds put their thumb on the scales of the election when the data didn't show the need for the 2 rate cuts headed into the election. The reignition of inflation is the nasty result. In separate news, President Trump agrees with the Feds not cutting into the current inflation trend.
Is that the same President Trump who has criticized Jay Powell and the Fed for not cutting interest rates further (until he reversed that position within the last 24 hours)? Fed holds interest rates steady, defying pressure from Trump
Trump threatening and enacting inflationary activities and we are seeing inflation. Has nothing to do with interest rates. Has to do with businesses responding to the Trump policies. However, there is a non-zero chance Trump those us into recession in 3...2..1....
And where were you in 2019/2020 when Trump cut the interest rates to effectively zero driving an unreversible inflation run? You crack me up. Where you been?
Man you nailed it, just like all those times you told us there would be hyperinflation and stagflation because Biden.
