Post Ax5w3Q8H07AxbfIUcq by lednaBM@stranger.social
(DIR) More posts by lednaBM@stranger.social
(DIR) Post #Ax5vmX6doslGJPTuDo by Nonilex@masto.ai
2025-08-12T13:17:41Z
0 likes, 0 repeats
#Inflation rose in July as #Trump’s #tariffs intensified price pressures.The #Consumer Price Index [#CPI] stayed steady at 2.7% compared to last year. On a monthly basis, prices rose 0.2% from June. But an important gauge tracking underlying inflation accelerated more rapidly.“Core” CPI, which strips out volatile food & energy prices, jumped 0.3% over the course of the month, or 3.1% on a year-over-year basis. That is the fastest annual pace in 5 months.#economy https://www.nytimes.com/live/2025/08/12/business/cpi-inflation-tariffs-fed?smid=nytcore-ios-share&referringSource=articleShare
(DIR) Post #Ax5w12U7x0iZgaNr8q by lednaBM@stranger.social
2025-08-12T13:20:13Z
0 likes, 0 repeats
@Nonilex
(DIR) Post #Ax5w3Q8H07AxbfIUcq by lednaBM@stranger.social
2025-08-12T13:20:43Z
0 likes, 0 repeats
@Nonilex
(DIR) Post #Ax5wEf0E3PsquXtPLk by Nonilex@masto.ai
2025-08-12T13:22:47Z
0 likes, 0 repeats
The July data, which was released by #BLS, provides a clear sign that businesses are more readily passing along #tariff-related #costs to the #consumer after a prolonged period in which price gains were muted.US companies that import products have largely been able to hold off on raising prices despite a universal 10% tariff that has been in place on all imports since April, along with higher levies on steel, aluminum & products from China & Canada.#economy #CPI #inflation #tariffs #Trump
(DIR) Post #Ax5wLT42q5gRuavPtI by ArmyGirl@mastodon.world
2025-08-12T13:23:58Z
0 likes, 0 repeats
@Nonilex wonder how soon they stop the counting in this department as well?
(DIR) Post #Ax5wNz5AldHJnGeWJ6 by Nonilex@masto.ai
2025-08-12T13:24:29Z
0 likes, 0 repeats
#Trump’s more punishing #tariffs on individual countries went into effect on Aug. 7 so will not be reflected in the July data.Businesses have managed to avoid passing along price increases because of a strategy earlier in the year to stockpile goods that were likely to be subject to Trump’s levies. Many companies have also sought to absorb the #costs themselves in order to avoid driving away customers, some of whom are increasingly under financial strain.#economy #CPI #inflation
(DIR) Post #Ax5whauEMf3GbSsx4i by Nonilex@masto.ai
2025-08-12T13:28:00Z
0 likes, 0 repeats
But July data showed more businesses reaching a tipping point, left with little option but to raise #prices following June’s notable uptick. The biggest impact has been concentrated in categories such as furniture, appliances & other household wares, as well as recreation goods & footwear.Car price increases have stayed relatively subdued as carmakers have shielded their customers from #Trump’s #tariffs rather than forcing them to bear the brunt of the higher #costs.#economy #CPI #inflation
(DIR) Post #Ax5x6XD9Esn2NpctCS by Nonilex@masto.ai
2025-08-12T13:32:25Z
0 likes, 0 repeats
…Americans have become choosier about how they spend, depressing airline fares, hotel fees & other services-related costs. Hiring has slowed in recent months, keeping a lid on wage gains. July’s #jobs report showed just 73k jobs added for the month, & gains registered in May & June were revised down by 258k positions. Companies have yet to lay off workers in droves, but economists worry they will be forced to cut back on #costs as #tariffs continue to eat into their margins.#economy #Trump
(DIR) Post #Ax5xF665PveUthPFPk by noplasticshower@infosec.exchange
2025-08-12T13:34:02Z
0 likes, 0 repeats
@Nonilex recession is here. It's just not evenly distributed yet.
(DIR) Post #Ax5xIeEWxL7vdb367U by Nonilex@masto.ai
2025-08-12T13:34:41Z
0 likes, 0 repeats
Tuesday’s data will be important for the #FederalReserve, which is facing a challenging economic situation as #prices are rising while the #labor market is weakening. It is a difficult backdrop given the Fed’s duty to keep #inflation low & stable while ensuring that #unemployment does not rise too much. Officials at the central bank have kept #InterestRates steady since the start of the year as they have sought more clarity on how #Trump’s policies, including #tariffs, would impact the #economy.
(DIR) Post #Ax5xX2kGcOWXiKl2Qa by Nonilex@masto.ai
2025-08-12T13:37:16Z
0 likes, 0 repeats
That approach has attracted significant criticism from #Trump, who has taken to directly insulting #JeromePowell, the chair of the #FederalReserve, as well as the powerful Board of Governors that he heads.Trump last week announced that he would install a temporary governor to join the board, which votes on #InterestRates at every policy meeting.#independence #economy #CPI #inflation #tariffs
(DIR) Post #Ax5xiRPpEdG9PfdCDo by Nonilex@masto.ai
2025-08-12T13:39:22Z
0 likes, 0 repeats
A vacancy unexpectedly opened up at the start of the month when Adriana Kugler, a governor, announced that she was leaving before her term was set to expire at the end of January. #Trump tapped a longstanding critic of the #FederalReserve, Stephen Miran, who most recently served as chair of Trump’s Council of Economic Advisers.#independence #economy #CPI #inflation #tariffs
(DIR) Post #Ax5xkl3TBewIu2HNMu by Nonilex@masto.ai
2025-08-12T13:39:48Z
0 likes, 0 repeats
Mr. Miran, who still must be confirmed by the Senate, will join a group of #FederalReserve officials who have started to splinter over the right time to restart interest rate cuts that were paused in December. 2 policymakers, previously appointed by #Trump, have already called for the Fed to cut #InterestRates.#independence #economy #CPI #inflation #tariffs
(DIR) Post #Ax5xv3v3u8teJ0GBTk by Nonilex@masto.ai
2025-08-12T13:41:39Z
0 likes, 0 repeats
More policymakers appear to be joining that camp following the most recent data that showed far less monthly #jobs growth since the start of the summer than initially expected. But signs that #inflation is accelerating more than is already forecast could disrupt any plan to lower #InterestRates at the #FederalReserve’s next meeting in September. Earlier this summer, #JeromePowell conceded that were it not for #tariffs, the Fed likely could have reduced borrowing #costs already.#economy #Trump
(DIR) Post #Ax5yB51RZV1aMLsnmy by gooba42@mastodon.social
2025-08-12T13:44:32Z
0 likes, 0 repeats
@Nonilex I'm still tickled by this weird interaction. Trump: The economy is great, cut the rates! Fed: The economy is actually too good to justify cutting rates.Jobs Report: The economy is not actually good.Trump: See? The economy is so good we need rate cuts!
(DIR) Post #Ax652lSx64h34LjQnI by ChrisHolladay@mastodon.social
2025-08-12T15:01:21Z
0 likes, 0 repeats
@Nonilex Yeah America First!!!! Trump ,go fuck yourself.
(DIR) Post #Ax6o23u1YntRtgQwWe by Grovewest@mstdn.social
2025-08-12T23:25:31Z
0 likes, 0 repeats
@Nonilex Without over-site business’s will simply cut corners on products. Packaging less into larger boxes and reducing quality while charging the same or more. Industry consolidation and proto-monopolies have already made most of them immune to consumer preferences. Eliminate overseas competition and we are in uncharted territory.