Trump Economy

Inflation held at 2.7% in July, allaying tariff fears– www.washingtonexaminer.com

pgnewser August 14, 2025 0

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Inflation held at 2.7% for the year ending in July in the consumer price index, the Bureau of Labor Statistics reported Tuesday, suggesting that the price pressures from tariffs were not as strong as originally feared.

Forecasters expected inflation to rise for a third straight month to 2.8%.

Yet the report contained some signs of underlying inflationary pressure. Core inflation, a measure that strips out the volatile categories of food and energy prices, rose two-tenths of a percentage point to 3.1%, higher than expected. For just the month, core prices were up 0.3%, the largest monthly increase of the year so far.

‘No More Politicized Banking’: President Trump Orders End to Account Closures Based on Beliefs– www.usacarry.com

pgnewser August 14, 2025 0

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WASHINGTON, DC — President Donald J. Trump signed an executive order on August 7, 2025, aimed at preventing financial institutions from denying services to Americans based on their political or religious beliefs or lawful business activities. The order comes in response to past instances where banks and regulators allegedly engaged in politically motivated account closures and restrictions.

The order cites examples of financial institutions participating in government-directed surveillance programs after the events of January 6, 2021, flagging transactions related to companies such as Cabela’s and Bass Pro Shops or payments referencing “Trump” or “MAGA” without evidence of criminal conduct. It also references “Operation Chokepoint,” a prior federal effort that pressured banks to limit services to certain legal industries deemed high-risk or controversial by regulators.

CNN Host Forced To Admit Trump’s Economy Is Soaring Through Gritted Teeth– trendingpoliticsnews.com

pgnewser August 14, 2025 0

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Inflation numbers released Tuesday beat economists’ expectations, sending one CNN anchor into an emotional tailspin as she attempted to explain away why President Donald Trump keeps winning each news cycle.

The July consumer price index (CPI) report showed that total energy prices fell 1.1% while food prices held steady and shelter ticked up 0.2%. Gas prices dropped 2.2%, an anomaly for a summer month where a record number of Americans travel during the summer holiday season, but also a reflection of a global economic slowdown.

On CNN, a morning anchor could barely stifle her surprise that Americans aren’t feeling a greater pinch at the grocery store after countless economic experts warned about the shock that President Trump’s tariffs would have on food prices.

The July Inflation Report Is Here– townhall.com

pgnewser August 14, 2025 0

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July’s Consumer Price Index (CPI) report indicates that inflation is cooling more than expected, providing a boost to stock futures and placing greater weight on the U.S. dollar.

Consumer prices rose 2.7 percent in the 12 months since last July. This matched the 12-month period since June and came in below the expected rate of 2.8 percent. Core CPI, often considered a more accurate reading of long-term trends in the economy, rose .3 percent and 3.1 percent from a year ago.

Shelter costs ticked up 0.2 percent, accounting for most of the index’s gain, according to the BLS. Food prices held steady, while energy prices dropped 1.1 percent.

July Inflation Numbers Undershoot Economists’ Estimates – RedState– redstate.com

pgnewser August 14, 2025 0

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The Bureau of Labor Statistics released July’s Consumer Price Index this morning, and the numbers tell a complicated story. While overall inflation held steady at 2.7 percent annually, core inflation—the measure that strips out volatile food and energy prices—accelerated to 3.1 percent, its highest level since March and well above the Federal Reserve’s 2 percent target.