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this post was submitted on 18 Jun 2025
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Actually of all of those promises I believe inflation is holding steady and pretty low around 2.6% through Trump's term so far. But it's a trend that's been going since July 2024, so pretty much just a continuation of the prior state of the economy?
Either way its surprising given all the fluctuations and instability of the markets with Trump's tarrif threats / inceptions / backdowns - I dunno, I'm not a market guy but the market guys in media don't seem to have an explanation.
I'd guess that steady rate too will also fly out the window if the US declares ~~war~~ special military operation on Iran, so give him time I'm sure he'll mess this up too.
Inflation takes a while. Shocks that affect consumer confidence can actually increase spending temporarily. What's happening in the US right now is that people are spending more in order to get in all their long term purchases (car, tv, phone, computer, kids toys) before some combination of inflation and tariffs push the prices up. But this will only last as long as people's excess of spending money lasts. Then consumer purchasing will, if nothing changes, recede massively.