Everything's more expensive ahead of midterms-despite Trump's claim
Trump says "almost every item" is getting cheaper, but inflation remains an issue as the Fed raises rates to 3.75%-4%. Farmers face new diesel prices and higher fertilizer costs, while the $38B Iran war will likely push inflation higher next year. Trump also wants to cut $5,000 checks to every American, which could add to price pressures. Even Fed Chair Warsh said that underlying trends haven't meaningfully improved.
Trump says "almost every item" is getting cheaper, but inflation remains an issue as the Fed raises rates to 3.75%-4%. Farmers face new diesel prices and higher fertilizer costs, while the $38B Iran war will likely push inflation higher next year. Trump also wants to cut $5,000 checks to every American, which could add to price pressures. Even Fed Chair Warsh said that underlying trends haven't meaningfully improved.
